Bringing you live news and features since 2006 

Adrian Valois de Franklin, Castle Ridge

Canaccord Genuity makes strategic investment in AI-powered hedge fund Castle Ridge

RELATED TOPICS​

Artificial Intelligence-powered hedge fund, Castle Ridge Asset Management Limited (Castle Ridge), has secured a strategic investment from Canaccord Genuity Group (Canaccord Genuity), a global financial services firm that specialises in wealth management and capital markets.   

 The investment will enable Castle Ridge to expand its distribution channel with Canaccord Genuity Wealth Management, which manages over USD60 billion in client assets in Canada, the UK & Europe and Australia.  

Adrian de Valois-Franklin, CEO of Castle Ridge, says: “We are thrilled to be backed by an investor with such global reach. Together, we believe Castle Ridge represents the future of asset management. Our proprietary WALLACE AI platform constantly adapts to ever changing financial markets. WALLACE is the culmination of 20 years of experience of what works, and more importantly, what does not work when trying to apply Machine Learning techniques to the markets. As a result, we developed a completely new branch of self-evolving Artificial Intelligence called Geno-Synthetic Algorithms.”

Dr Alex Bogdan, Chief Scientific Officer, adds: “Clients will gain access to a truly unique set of uncorrelated investment strategies driven by Castle Ridge’s explainable and transparent AI. What really sets the system apart is the ability to spot market behavioural patterns that are hidden to human managers and traditional static systematic strategies.”

Latest News

ETP provider GraniteShares has announced it has surpassed USD5 billion in assets under management (AUM), reaching USD5.199 billion...
News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by