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.
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