RECENT PRESS
PROF. LOPEZ DE PRADO RECEIVES 25TH BERNSTEIN FABOZZI/JACOBS LEVY AWARD
ADIA Lab (03/04/24): “ADIA Lab scientist and Advisory Board member, Professor Marcos Lopez de Prado, has been honored with the 25th Bernstein Fabozzi/Jacobs Levy "Outstanding Article" Award. His work, "Where are the Factors in Factor Investing?", was recognized for its critical examination of the econometric approaches used in factor investing studies.”
‘Corrective’ ALGO TELLS QUANT FIRM WHEN IT’S WRONG
Risk.net (06/24/22): “The idea of corrective AI, also known as meta-labelling, was developed by Marcos Lopez de Prado, an expert machine learning.”
BUY-SIDE QUANT OF THE YEAR: ALEX LIPTON AND MARCOS LOPEZ DE PRADO
Risk.net (02/01/21): “The problem of estimating stop-loss and profit-taking levels is normally solved by two separate models using the circuitous route of Monte Carlo simulations. But work published this year by Alex Lipton and Marcos Lopez de Prado takes a novel, more direct tack.”
PROFESSOR LOPEZ DE PRADO APPOINTED GLOBAL HEAD OF QUANTITATIVE RESEARCH AND DEVELOPMENT
Cornell University (09/14/20): “The Abu Dhabi Investment Authority (ADIA), one of the largest sovereign wealth funds, has announced that it has appointed Marcos López de Prado as Global Head of Quantitative Research and Development.”
THE FUTURE IS BRIGHT… FOR THOSE WHO SURVIVE
QuantMinds (02/28/20): “Cornell University’s Professor Marcos Lopez de Prado is a recognised authority in machine learning. In addition to his outstanding academic career, for the past 20 years he has managed multibillion-dollar funds at some of the largest and most successful asset managers. Cambridge University Press is about to release his new book, “Machine Learning for Asset Managers”, and we asked him to give us a preview.”
'It's a Matter of When.' How Machines Are Taking Over the World's Stock Markets
Time Magazine (12/20/19): “TIME sat down with López de Prado when he visited Hong Kong recently. Here’s what one of the world’s top quants has to say about how robots are taking over global financial markets, and his great hopes for the technology.”
Cornell’s LOPEZ DE PRADO on how ai IS transformING finance
Bloomberg TV (12/17/19): “The financial industry is one of the least automated industries in the United States, says Marcos Lopez de Prado, Professor at Cornell University and CIO at True Positive Technologies. He spoke to Bloomberg's Shery Ahn and Taylor Riggs on "Bloomberg Technology: Global Link" about what needs to be done.”
PROF. LOPEZ DE PRADO TESTIFIES BEFORE THE U.S. CONGRESS ON FINANCIAL AI
U.S. House of Representatives (12/06/19): The Task Force on Artificial Intelligence of the House Financial Services Committee held a hearing entitled “Robots on Wall Street: The Impact of AI on Capital Markets and Jobs in the Financial Services Industry.”
ROBOTS IN FINANCE COULD WIPE OUT SOME OF ITS HIGHEST-PAYING JOBS
Bloomberg News (12/06/19): “Financial machine learning creates a number of challenges for the 6.14 million people employed in the finance and insurance industry, many of whom will lose their jobs -- not necessarily because they are replaced by machines, but because they are not trained to work alongside algorithms,” Lopez de Prado told the U.S. House Committee on Financial Services.”
The BENEFITS OF CROWDSOURCING INVESTMENT RESEARCH
Canadian Investment Review (10/25/19): “There’s a crisis in financial research because of statistical shortfalls, says Marcos López de Prado, a professor of practice at Cornell University’s school of engineering and chief investment officer of True Positive Technologies.”
The Master of Robots Left AQR. Now He’s Coming for Wall Street
Bloomberg News (10/09/19): “The man dubbed the world’s top quant has a message for Wall Street firms lavishing millions on machine-learning programs: Most of you are doing it wrong.”
LINK TO COVERAGE (Bloomberg)
López De Prado Launches ML Firm To Tackle Hedge Fund Underperformance, Fees
machineByte (09/23/19): “Marcos López de Prado has founded a firm that develops machine learning-based investment strategies for institutional investors to deploy in-house, effectively bypassing capabilities offered by traditional asset managers.”
Some quant shops doomed to ‘struggle’ — Lopez de prado
Risk.net (09/19/19): “Quant shops that stick too stubbornly to theory when devising strategies will trail behind maths-driven “empiricists” who analyse data with no preconceptions. That’s according to Marcos López de Prado, the former head of machine learning at AQR and founder of a new venture that aims to disrupt the traditional quant asset management business.”
A conversation with “quant of the year 2019” marcos lopez de prado
QuantMinds (09/05/19): “Marcos López de Prado has been named “Quant of the Year 2019” by The Journal of Portfolio Management, for his numerous contributions to the field of financial machine learning. He has just launched “True Positive Technologies,” a firm that develops machine learning algorithms for institutional investors. We sat with him to discuss the state of quant.”
Fund industry must use the right type of machine learning
The Financial Times (01/29/19): “We need ML to develop better financial theories and we need financial theories to restrict ML’s propensity to overfit. Without this theory-ML interplay, investors are placing their trust on high-tech horoscopes.”
Marcos lopez de prado named “quant of the year 2019”
The Journal of Portfolio Management (01/29/19): "Dr. Lopez de Prado has published an extensive body of academic work that has fostered the adoption of machine learning techniques in finance. He has also been a vocal advocate for the responsible use of machine learning algorithms in finance."
Welcome the new AI investment overlords
Reuters (12/27/18): "Hedge fund AQR recently hired prominent data scientist Marcos Lopez de Prado to spearhead its machine-learning efforts."
THE BIG PROBLEM WITH MACHINE LEARNING ALGORITHMS
Bloomberg News (10/09/18): "It takes a deep knowledge of the markets to apply machine learning successfully to financial series,” López de Prado says."
AQR HIRES HEAD OF MACHINE LEARNING
Pensions and Investments (09/12/18): "With a distinguished academic background and values consistent with ours, we look forward to partnering with Marcos to enhance our machine learning initiatives," said David G. Kabiller, co-founder, in the release."
Why banks like Barclays are testing quantum computing
American Banker (07/16/18): "True Positive Technologies, which creates investment strategies for institutional investors with the use of machine learning, has been working with quantum computers since 2014 for portfolio optimization and scenario simulations."