AI Case Study

Aidyia fully automates hedge fund trading using genetic evolutionary and other algorithms claiming a 2% return

Aidiya launched a fully automated hedge fund in 2015 that trades in the US stock market based on evolutionary and other algorithms. Their aim is to predict stock price movements over the longer term using data from various sources. In two years the fund has achieved 2% returns which is less than many human managed funds.

Industry

Financial Services

Fund And Asset Management

Project Overview

"Founded in 2011, Aidyia is a Hong Kong based hedge fund that uses “artificial general intelligence” (AIG) which is a branch of AI that more closely mimic’s the human brain. In 2015 Aidyia launched a long/short fund that trades in U.S. equities and makes all stock trades using artificial intelligence with no human intervention required. The company is funded by a small group of investors along with the Hong Kong government."

"Aidyia’s artificial intelligence computer will predict price changes based on a host of data, including prices and volumes, news and social media data in various languages and other economic and accounting data at national and company levels."

Reported Results

The fund has achieved 2% returns which is less than the typical returns from human managed hedge funds.

Technology

"Multiple forms of AI, including one inspired by genetic evolution and another based on probabilistic logic"

Function

R And D

Product Management

Background

"Aidyia was founded in Hong Kong in October 2011 by a team of computer scientists and financial market veterans. They deploy artificial general intelligence (AGI) technology to identify patterns and predict financial market movements."

Benefits

Data

"host of data, including prices and volumes, news and social media data in various languages and other economic and accounting data at national and company levels."