Machine learning is enabling investors to tap huge data sets such as social media postings in ways that no mere human could. Yet, despite the enormous potential, its record remains mixed. The Eurekahedge AI Hedge Fund Index, which tracks the returns of 13 hedge funds that use machine learning, has gained only 7 percent a year for the past five years, while the S&P 500 returned 13 percent annually. This year the Eurekahedge benchmark dropped 5 percent through September....
Read the Bloomberg article here.
DISCLOSURES: The opinions expressed in this interview are those of Stephen Cucchiaro of 3EDGE Asset Management (“3EDGE”) and are subject to change without notice. Mr. Cucchiaro’s opinions are not intended to provide personal investment advice and do not take into account the unique investment objectives and financial situation of the viewer. Investors should only seek investment advice from their individual financial adviser. Mr. Cucchiaro’s observations include information from sources 3EDGE believes to be reliable, but the accuracy of such information cannot be guaranteed. Investments including common stocks, fixed income, commodities and ETFs involve the risk of loss that investors should be prepared to bear. Past performance may not be indicative of future results.
