One of the biggest names in quantitative investing has warned against handing over investment decisions to AI, arguing that some corners of the hedge fund industry have gone too far in adopting the technology. Lueck argues that being able to understand exactly why its computer models were recommending trades was crucial for his firm.
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Quant pioneer Martin Lueck warns against handing over trading to AI
“My starting place is I’m not going to put my name on or my company’s reputation on something [where] . . . I have no idea why it took these positions.”
