Castle Ridge announces launch of Multi-Strategy powered by WALLACE AI supercomputer
17 Junio 2024 - 3:00AM
Castle Ridge Asset Management Limited, an Artificial
Intelligence-driven hedge fund manager (“Castle Ridge”), has
announced the launch of its AI Multi-Strategy (the “Strategy”).
The Strategy is powered by WALLACE, Castle Ridge’s proprietary
AI platform. A purpose-built supercomputer, launched September
2023, enables WALLACE to optimize multi-strategy investment
mandates. The petascale supercomputer can run quadrillions of
theoretical floating-point operations per second and packs
thousands of square feet of hardware footprint and datacentre level
cooling requirements into a proprietary 7.5 by 5.5-foot fluorinert
liquid-cooled system.
The supercomputer allows Castle Ridge to rapidly customize
multi-strategies for institutional allocators. WALLACE uses the
computing power to generate and combine numerous independent
cross-asset return streams for better diversification and improved
Sharpe ratios. The highest-octane version of the Strategy targets
amplified returns with dynamic leverage, variable exposure, and
risk controls.
Adrian de Valois-Franklin, Castle Ridge’s CEO, commented,
“WALLACE has incredible potential. The leap from single strategies
to multi-strategies is like solving a Rubik’s cube where every
small square is itself another Rubik’s cube. The complexity
explodes exponentially!”
Traditional multi-manager investment firms may hire hundreds of
human managers in pods to generate multi-strategy diversification.
These pod operating expenses are often passed-through to end
clients, layering significant costs on top of management and
incentive fees. Castle Ridge’s multi-manager-in-a-box strives to
deliver similar diversification at a fraction of the cost.
WALLACE can replace teams of human portfolio managers and
evolves through a survival-of-the-fittest mechanism. Overnight,
WALLACE typically breeds tens of thousands of virtual portfolio
managers, all competing relentlessly to maximize Alpha through
natural selection.
The Castle Ridge team brings together extensive expertise in
both AI and financial markets, with pedigree from some of the
largest financial institutions. This domain expertise allowed
Castle Ridge to develop a new approach to AI called Geno-Synthetic
Algorithms (“GSA”). GSA solves the longstanding problem of standard
evolutionary computing to parallelize optimization of time series
data. GSA is also transparent, overcoming blackbox limitations of
mainstream AI architectures such as GPTs, LLMs, Deep Learning and
Neutral Networks. WALLACE uses GSA to optimize the Strategy in a
hyperdimensional search space using various data types, including
integer, Boolean, float, decimal, and complex (imaginary and real)
numbers.
ABOUT CASTLE RIDGE ASSET MANAGEMENT
Castle Ridge Asset Management, with offices in Toronto and New
York, is a hedge fund manager delivering quantitative investment
strategies powered by its Artificial Intelligence system, named
WALLACE. The proprietary WALLACE AI platform continuously learns
and evolves by analysing vast quantities of financial data. Castle
Ridge developed two novel approaches to AI, including Ranking
Inference Engine and self-evolving Geno-Synthetic Algorithms, which
allows WALLACE to uncover unique market patterns. Unlike static
investment strategies that often fail when market conditions
change, WALLACE adapts and thrives.
To learn more about Castle Ridge, visit:
www.castleridgemgt.com
Media contact:Christen Thomson, Senior Director, Citigate Dewe
Rogersonchristen.thomson@citigatedewerogerson.com
Not an advertisement, advice, recommendation or offer to buy,
sell or invest. Opinions and forward-looking statements are not
guarantees of future performance.