INTERVIEW - Adrian Sisser, Seven Eight Capital discusses benefits that ML/AI brings to his Fund
Channel: Beryl Elites
Date: 2020-01-07

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INTERVIEW - Adrian Sisser, Founding Partner of Seven Eight Capital, discusses his fund's strategy and benefits that Machine Learning and AI bring to their investment returns. Seven Eight is a quant equity investment firm that runs a strategy that is called statistical arbitrage. Adrian's analogy of their strategy is as they are acting as a "black jack killer." They create an edge by playing small hands. The philosophy of his fund is to take bets on lots of stocks and gradually eke our returns over time. The Quant industry has gotten a lot more sophisticated, the players have gotten a lot more sophisticated, but the biggest thing to Adrian has been the consolidation. It is becoming more and more complicated game. You need to have really good risk models, really good alpha and portfolio construction and execution.The days of being able to operate a shop with two or three people have really gone away. Machine learning is the buzzword of the day and even hype. His firm deploys a lot of ML and AI. There is lots ot hype, but if done properly ML/AI add value to the investment process and returns. In the case of his fund's performance, Adrian thinks that deployment of ML/AI to their investment strategy resulted in the improvement of their returns by approximately 50%. 

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