Blackheath launches Blackheath #AI Global Macro Strategy, a Next-Generation approach to trading FX Futures
TORONTO - February 5, 2018 (Investorideas.com Newswire) Blackheath Fund Management Inc. (Blackheath) is excited to announce the launch of Blackheath AI Global Macro, a strategy committed to applying Artificial Intelligence (AI) to the foreign exchange markets.
Portfolio Manager Frankie Liu, CFA, has teamed up with Benjamin Chung, a highly regarded practitioner in Deep Learning, and AI, to implement this futures-only strategy. Blackheath AI Global Macro uses economic reports from statistical agencies around the world to make directional investments in currency futures markets, such as the yen, the euro, and the Canadian and Australian dollars.
Blackheath believes that the application of Machine Learning to futures trading is truly the next generation in the Commodity Trading Advisor space, allowing systems to constantly adapt to a shifting landscape, something that standard trend-following has failed to accomplish in recent years. While AI has been a must-have for proprietary trading firms and high-frequency traders, Blackheath's AI Global Macro Strategy takes these same tools but applies them to the less-frenetic world of monthly economic reports.
Christopher Foster, CEO of Blackheath, says: "We all know that, in reality, trade and investment flows actually drive currency markets. But sometimes it feels like the market ignores the data, or has already factored it in, or reacts with a big delay. Real-world demand for a currency won't leave the market untouched over time, so what makes Blackheath AI Global Macro Strategy significant is that, at its core, it has the ability to learn both what data is truly driving the market right now and what's just noise."
Benjamin Chung, with Blackheath since March 2017, was an early champion of Machine Learning's potential for application to absolute return strategies. He created the world's first opensource Object-Oriented Deep Learning library (Java), releasing it under the GPLv2 in 2007, and continuing to work on its development through 2012. From 2009 to 2012 Ben was employed as a Portfolio Analyst, for the Canadian Pension Plan Investment Board's Global Tactical Asset Allocation Group. There he conducted research on macroeconomic forecasting models for the Group's emerging market currencies portfolio. Ben is a graduate of the University of Toronto in Computer Science.
This strategy is only available through separately managed accounts with a minimum investment of US $200,000.
Blackheath is a Toronto-based Commodity Trading Advisor registered with the Ontario Securities Commission in Canada and with the CFTC in the United States, and is a member of the National Futures Association.
Source: Blackheath Fund Management Inc.
COMMODITY TRADING INVOLVES SUBSTANTIAL RISK OF LOSS AND PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS MATERIAL HAS BEEN DISTRIBUTED FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS INVESTMENT ADVICE OR A RECOMMENDATION OF ANY PARTICULAR SECURITY, STRATEGY OR INVESTMENT PRODUCT.
TechSectorStocks.com - investing ideas in tech stocks- mobile payments, social media, AI and Robotics, Drone Stocks, GPS, Internet of Things (IoT)
Like Tech Stocks? View our Tech Stocks Directory
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire http://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.