News Formal

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

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 11 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 67%

Headline News

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Talk with Michael Avery – South Africa’s leading business podcastBusiness Talk with Michael Avery is South Africa’s premier business podcast and has featured the country’s most influential executives.
Source: BusinessTechSA - 🏆 24. / 61 Read more »