Mansi Singhal and Gaurav Chakravorty started qplum in 2015 after having met while studying computer science at University of Pennsylvania. Both worked on Wall Street for many years — Mansi as a trader and portfolio manager for big banks and hedge funds and Gaurav as Partner of Tower Research Capital where he built one of the most profitable high-frequency trading (HFT) operations at that time, turning an initial investment of $10,000 into over $500 million.
Both had an early exposure to Machine Learning at UPenn. However, while HFT was always capacity constrained, Chakravorty believes AI can manage larger pools of capital. Together with Mansi’s expertise in fundamental investing and global macro, the two are working towards making investing a science combining data driven investing with human trading and global macro expertise.
In this Opalesque BACKSTAGE video, the two founders also speak about:- How qplum uses AI and Machine Learning. qplum's edge in using Deep Learning. Why AI isn’t necessarily about prediction
- Identifying indicators but also detecting the market regime
- Why qplum analyzes investor behavior as strategy input. Experience and the human input
- The significance of fees and transparency
- How will an asset management business look like in 10 years? Tech versus Finance: Benefits of AI applications in asset management
- Doing SRI / ESG "right": An under appreciated source of Alpha & better results at reduced costs with the help of technology and AI
- Performance review and outlook
qplum is registered as an RIA and a CTA and trades 200+ global ETFs via an end-to-end systematic framework built in-house by a team of 30+ quants and engineers. The firm works with CIO offices of family offices, pension funds and endowments to create custom dynamic asset allocation solutions and also offers a Flagship systematic diversified global macro strategy focusing on dynamic asset allocation.
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Mansi Singhal and Gaurav Chakravorty started qplum in 2015 after having met while studying computer science at University of Pennsylvania. Both worked on Wall Street for many years — Mansi as a trader and portfolio manager for big banks and hedge funds and Gaurav as Partner of Tower Research Capital where he built one of the most profitable high-frequency trading (HFT) operations at that time, turning an initial investment of $10,000 into over $500 million.
Both had an early exposure to Machine Learning at UPenn. However, while HFT was always cap ...more
