28 June 2017
visit www.finastra.com

Acadian Asset Management taps Microsoft big data tech for investment guidance

08 March 2017  |  5714 views  |  0 Big data

Acadian Asset Management is set to start using a Microsoft prediction engine which draws on data from social media and Web searches to guide investment decisions.

Acadian says that it is the first investment firm to tap Bing Predicts, which uses machine learning from data on trending social media topics, and sentiment towards those topics, along with trending searches on Bing.

The firm says Bing Predicts macroeconomic indicators will "augment" its forecasting frameworks as it looks to boost investment returns.

George Zinn, corporate VP and treasurer, Microsoft, says: "We’re excited about the potential of Bing Predicts to improve investment results, and eager to collaborate with Acadian as a long term leader in quantitative investing."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Goldman Sachs invests in big data insights firm Zoomdata

Goldman Sachs invests in big data insights firm Zoomdata

16 February 2016  |  6508 views  |  0 comments | 7 tweets | 5 linkedin
Bloomberg and Twitter ink data licensing deal

Bloomberg and Twitter ink data licensing deal

16 September 2015  |  4285 views  |  0 comments | 8 tweets | 7 linkedin
Institutional investors tap into social media

Institutional investors tap into social media

17 April 2015  |  3479 views  |  0 comments | 4 tweets | 6 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.finastra.comvisit www.events.sap.comdownload the report now

Top topics

Most viewed Most shared
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
9149 views comments | 19 tweets | 37 linkedin
ABN Amro tests wearable tech for contactless paymentsABN Amro tests wearable tech for contactle...
8685 views comments | 10 tweets | 6 linkedin
hands typing furiouslyArtificial Intelligence- Computer to IOT
8500 views 0 | 4 tweets | 2 linkedin
hands typing furiouslyThe EU and blockchain: taking the lead?
7491 views 0 | 8 tweets | 7 linkedin
Asia still top dog for payments innovation but Europe gaining groundAsia still top dog for payments innovation...
7432 views comments | 10 tweets | 9 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job