Man Group’s quant equity unit says it has begun using a new artificial-intelligence system that can generate, code and back test trading ideas — marking the arrival of agentic AI at the world’s largest listed hedge fund.
Boston-based Man Numeric says it built the tool — known internally as AlphaGPT — to mimic how its researchers develop new investment signals. It digs into data for ideas, writes the code for potential strategies and then tests them on historic data. Such a system that can autonomously perform multi-step tasks is known as agentic AI, one of the hottest trends right now in Silicon Valley.
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Bloomberg
