Abu Dhabi SWF sets quantitative R&D unit
The United Arab Emirates' sovereign wealth fund, Abu Dhabi Investment Authority (ADIA), has announced on Tuesday the establishment of a new investment group within its strategy and planning department which will focus on quantitative research and development.
The division will be led by Dr. Marcos Lopez de Prado. The group will be responsible for applying a systematic, science-based approach to developing and implementing investment strategies. ADIA said it will draw on the latest scientific developments, in areas such as machine learning, big data and high performance computing.
Lopez de Prado has been active in the academic, investment management, and scientific research fields for over two decades. Most recently, he served as a professor of practice at Cornell University’s School of Engineering, teaching machine learning. He also co-founded and oversaw investments of True Positive Technologies, a company involved in intellectual property in the field of machine learning for financial institutions. Lopez de Prado also conducted research in high performance computing over the past ten years.