Daily Archives: December 12, 2017

Hedge funds embrace machine learning—up to a point

ARTIFICIAL intelligence (AI) has already changed some activities, including parts of finance like fraud prevention, but not yet fund management and stock-picking. That seems odd: machine learning, a subset of AI that excels at finding patterns and making predictions using reams of data, looks like an ideal tool for the business. Yet well-established “quant” hedge funds in London or New ...

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FBI’s McCabe ‘has an Ohr problem,’ will not testify on Tuesday, source says

Deputy FBI Director Andrew McCabe, who was reportedly scheduled to testify behind closed doors in front of the House Intelligence Committee on Tuesday, will instead meet next week due to a “scheduling error,” Department of Justice officials told Fox News. McCabe’s testimony was likely to, at least in part, focus on Peter Strzok’s role in the Hillary Clinton email investigation. ...

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