We are in the midst of a technological revolution. The increased use of artificial intelligence (AI), machine learning, blockchain, and big data technologies is rapidly changing the asset management industry. A recent survey on the future of the hedge fund industry by the Alternative Investment Management Association (AIMA) found that new "statistical and computational tools, including advanced quantitative techniques and artificial intelligence is forcing hedge fund firms to re-evaluate how they operate and invest." So how are manager selection and due diligence changing as a result of these new technologies? For insight on this question, we met with Michael Oliver Weinberg, CFA, chief investment officer of MOV37 and Protégé Partners, to discuss the evolution of the manager selection and due diligence processes. Protégé and MOV37 are specialized asset management firms that invest in smaller hedge funds and selected emerging managers. Founded in 2002, Protégé has been a key market player in supporting the growth of the hedge fund industry through seed deals and capital allocations to discretionary managers.

Board to help MOV37 find, develop and nurture the new wave of young talent revolutionizing investment management. New York, March 8, 2018 – MOV37, the research and investment platform for Autonomous Learning Investment Strategies (ALIS), has assembled an Advisory Board to help find, develop and nurture the young talent that will revolutionize investment management. "The Advisory Board's primary role is to push us outside our intellectual comfort zones," says Adil Abdulali, Chief Science Officer and President at MOV37. The Board will partner with MOV37 in exploring how technology is fundamentally changing investment management and identifying and supporting the young ALIS managers at the forefront of that disruption. Raphael Douady earned his math PhD in Hamiltonian systems in Paris and holds the Robert Frey Endowed Chair for Quantitative Finance at Stony Brook, New York.