Man Group Builds Internal AlphaGPT

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IN THIS ISSUE: Man’s AlphaGPT, adoption at Morgan Stanley & Goldman, and is audio the next frontier for quants?

BABY ON BOARD 👶 

The AI Street family grew this week with the arrival of our second child. Unlike AI, us human writers do need sleep. I am going to try to keep roughly the same publishing cadence. Wish me luck!

HEDGE FUNDS

Man Group Builds AlphaGPT to “Disrupt” Quant Process: CTO

"The next level of thinking is how do we systemize how we build systematic strategy in the first place?"

Quantitative hedge funds use algorithms to test and deploy their profitable trading strategies. Now, hedge fund Man Group thinks LLMs can help create the strategies themselves.

The firm, which manages around $150 billion in assets, is developing a system called AlphaGPT that uses AI to automatically generate and test new investment ideas.