My landscape on artificial intelligence quantitative funds and DIY funds

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Institutional hedge funds using AI quant strategy and also source talents via challenges, academics and partnerships

Institutional hedge funds using AI quant strategy

Crowdsourced quant hedge funds

  • Quantopian (US), one of the most well funded neo-quant fund with $49m from investors including Point72, Andreessen Horowitz and Bessemer. Users can share their investment algorithms. Quantopian then selects the best algorithms and license them in exchange of a share of the return.
  • Numerai (US), with $7.5m from the likes of Union Square, Playfair Capital and First round, Numerai manages a long/short global equity hedge fund. It transforms and regularizes financial data into machine learning problems for its global community of data scientists. Also, one of the only neo hedge funds offering full anonymity and payment via bitcoin.
  • Quantiacs (US), often referred as one of the world’s first and only crowd sourced hedge fund matches freelance quants with institutional investment capital. Quants own their IP but license it to Quantiacs for 10% of lifetime profits.

Online community for quant traders

  • Backtrader (US), enables to focus on writing reusable trading strategies, indicators and analyzers instead of spending time building infrastructure.
  • Quantconnect (US), offers the ability to design and test strategy with its free data set and allows to deploy live directly via brokerage. Users can code in multiple programming languages and harness cluster of hundreds of servers to run backtest to analyse their strategy in Equities, FX, CFD, Options or Futures Markets. A key difference is that they have an open source infrastructure and don’t profit from strategies.
  • (CN), China’s first algorithmic trading platform. Uqer offers free and unlimited access to over 10 million financial datasets; Quants can create and backtest strategy at anytime anywhere.
  • Cloud9trader (UK), Cloud9Trader lets developers profit from algorithms by trading via a broker.

Pure AI quant hedge funds

Algorithmic marketplace

  • iQapla (ES), audits and ranks algorithms before allowing users to select different strategies and to create their automatic trading portfolio. Recently selected by Santander in their innovation lab

Pure AI quant hedge fund, open to public investors

  • Clone Algo (US), The Clone Algo Application runs and operates a social network. Its ecosystem allows users who are connected to brokers, banks & hedge funds, to easily clone trades from master accounts on to their own account.

Tools to design executable quant strategies without coding skills needed

  • Algoriz (US), lets users build trading algorithms with no coding required. For more info check out TechCrunch.
  • Alpaca (JP/US), raised $1m and announced in 2015 the launch of its deep-learning trading platform, Capitalico, that lets people build trading algorithms with few clicks and visually from historical chart.
  • Portfolio123 (US), translates an investment strategy into an algorithm.

Tool to optimize trading quant strategies

  • Sigopt (US), offers optimization solution for algorithm. The tool could be applied to algo trading but also to different areas. The company raised $8.7m from Andreessen Horowitz, Data Collective and Ycombinator.

Social trading platforms

  • Ayondo (UK), founded in 2008 the firm raised $10m from Luminor Capital and SevenVentures among others.
  • Collective2 (US), lets users easily snap together trading strategies, algorithms, and human traders to form a (virtual) customized hedge fund that can be traded in a person’s regular brokerage account.
  • Darwinex (UK), founded in 2012 the company is a FCA (UK) regulated vertical marketplace that pairs skilled traders with active investors. Raised about $4m.
  • eToro (IL), one of the most well known companies in the social / trading gamification with $73m of funding from leading investors including CommerzVentures and Spark Capital.
  • Instavest (US), Investors can list their trades on Instavest, including the company, share amount and rationale behind the investment. Other users can invest alongside the people willing to share their own purchases and sales. The firm is a Y combinator alumni and raised $1.7m.
  • Wikifolio (AT), Austria-based online platform for investment strategies of traders and asset managers. The firm raised about $7m from SpeedInvest among others.



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