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Michael Jordaan-backed AI-powered investment company closes shop in South Africa

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Michael Jordaan,NMRQL Research,NMRQL SCI Balanced Fund

AI-driven investment fund manager NMRQL has closed its South African offices and restarted as AI Asset Management.

AI-driven investment fund manager NMRQL has closed its South African offices and restarted as AI Asset Management.

The company said its asset allocation and stock selection were managed using machine-learning algorithms. “For machine learning to outperform, it ideally needs many liquid stocks to pick from,” Jordaan said.

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