Boston-based quantitative fund manager Acadian Asset Management has implemented Microsoft Bing Predicts macroeconomic indicators to augment its investment forecasting frameworks.
Acadian will utilize the machine learning system, which draws data from trending social media topics and related sentiment, as well as mine search results from Microsoft Bing, within its investment forecasting framework to garner insight from its predictive economic datasets. Acadian claims to be the first investment manager to implement the Bing Predicts system.
“For the last 30 years, we have used data to make objective investment decisions. Throughout our history we have been early adopters of new and novel sources of data to help us make better decisions and we are excited about the ways that new technology can help draw insight from large information sets,” said John Chisholm, chief investment officer of Acadian, in a statement. “Microsoft is an ideal partner in this project, given its internet expertise and prediction capabilities.”
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