In the high-stakes arena of quantitative finance, where milliseconds can mean millions, Man Group just dropped a bombshell that’s got the entire industry buzzing. The world’s largest listed hedge fund isn’t content with tweaking old models or layering on more machine learning. No, they’re unleashing agentic AI, systems that don’t just analyze data but actively generate, code, and test trading strategies on their own. This isn’t some incremental upgrade; it’s a paradigm shift that’s turning static algorithms into living, breathing innovators. As a veteran watching Wall Street grapple with Silicon Valley’s relentless pace, I see this as the moment when AI stops being a sidekick and starts calling the shots. And if you’re not paying attention, you’re already behind.
Man Group’s quant arm, Man Numeric, has rolled out AlphaGPT, a system that’s already spitting out dozens of viable trading signals. Picture this: an AI that scans vast datasets, dreams up novel hypotheses, writes the code to implement them, and backtests everything against historical market chaos, all without a human lifting a finger. It’s like handing the keys to a self-evolving chess grandmaster who doesn’t just play the board but invents new rules mid-game to outmaneuver the competition. We’ve seen AI crunch numbers before, but this…

Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion dollar growth over the next five years will help push down interest rates. A growing demand for US dollar-tied crypto stablecoins could help push down the interest rate, says US Federal Reserve Governor Stephen Miran.The Donald Trump-appointed Miran told the BCVC summit in New York on Friday that the dollar-pegged crypto tokens could be “putting downward pressure” on the neutral rate, or r-star, that doesn’t stimulate or impede the economy.If the neutral rate drops, then the central bank would also react by dropping its interest rate, he said.Read more

