Jul
20
Hedge Fund Uses Algae to Reap 21% Return
By-
Desmond Lun’s AI trading model draws on computational biology
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Biologists are ‘kicking butt’ in data science, professor says
Hedge fund manager Desmond Lun’s 21 percent average return over the last four years springs from an unlikely source — a petri dish of algae.
Lun, 37, is a new kind of quant, combining AI wizardry with old-school biology to trade futures. Although his Taaffeite Capital Management is small, Lun makes a big claim: His research into one of the natural world’s most byzantine systems — the biological cell — has given him an edge in untangling the secrets of financial markets…
Hedge Fund Uses Algae to Reap 21% Return
