Artificial Intelligence Fintech Fintech Funding News Risk Management

AlphaTrAI Launches First External Fund and Expands Leadership Team to Bring its Artificial Intelligence-Enabled Asset Management Platform to High Net Worth Investors and Family Offices

AlphaTrAI Launches First External Fund and Expands Leadership Team to Bring its Artificial Intelligence-Enabled Asset Management Platform to High Net Worth Investors and Family Offices

AlphaTrAI, a venture-backed, technology driven asset management firm, announced the launch of its first external fund. Designed for high net worth investors and family offices, this systematic fund uses a proprietary suite of machine-learning models that dynamically adjust their market exposure based on their forecasts of risk and return. These models built by a multidisciplinary team of applied mathematicians, physicists, and AI experts generalize and modernize classic approaches such as signal detection and incorporate dynamic risk mitigation strategies.  AlphaTrAI also announced the buildout of its leadership team to support expansion of its strategic initiatives.

Read More: GlobalFintechSeries Interview with Brady Harris, CEO at Dwolla

Headquartered in San Diego and backed by Analytics Ventures, a venture capital firm focused on investments in companies with artificial intelligence at their core, AlphaTrAI’s automated trading platform mitigates human-based biases and errors and uses data and forward casting to achieve superior performance metrics.

Underscoring AlphaTrAI’s cutting-edge technology and deep financial services expertise, the company’s expanded management team encompasses CEO, Andreas Roell; Chief Science Officer, Homa Karimabadi; National Sales Director, Andre Hatibi; General Counsel and Chief Compliance & Operating Officer, Todd Spillane; and Chief Marketing Officer, Katherine Paulson.

Read More: Morgan Stanley Closes Acquisition of E*TRADE

AlphaTrAI also added Karyn Williams, Ph.D., to the company’s Advisory Board.  Dr. Williams the Founder of Hightree Advisors, a strategic consultancy and risk analytics firm for institutional investors, will serve as Chief Advisor of the AlphaTrAI Advisory Board.  Previously Head of Client Solutions at Two Sigma and CIO of Farmers Group, Inc., Dr. Williams also serves as an Independent Director of BlackRock TCP Capital Corp.

Andreas Roell, CEO of AlphaTrAI, said, “We founded AlphaTrAI because we believe there is a tremendous opportunity to transform asset management by leveraging the latest innovations and technologies, and in the process, advance the financial services space into a new chapter of wealth creation.  The expansion of our team, which brings together top caliber talent across data science, technology and financial services, underscores our commitment to this vision.  Through a proprietary blend of techniques and incorporating the latest in artificial intelligence, we are demonstrating the next revolution in asset management where the dynamic models faithfully make decisions based on their expected objectives, dynamically adjust, and are free from emotionally-driven bias and behaviors that can seriously impair investor outcomes.”

Read More: Nacha Adopts Rules for the Ongoing Modernization of ACH Payments

Related posts

ACI Worldwide Collaborates With Red Hat To Expand Payments Cloud Offering

Business Wire

Integra Consumer Lending Expands its Pawn Division with the Acquisition of Aztec Pawn in Arizona

PR Newswire

NDB Bank Appoints Axion to Deliver Sri Lanka’s first AI-based Video Know-Your-Customer Built by OneConnect to Engage Customers Remotely, Securely and Seamlessly

Fintech News Desk
1