A new machine-learning tool used by Citadel and Balyasny to rank their brokers hopes to put an to the ‘old boys network’
|04/18/2019||Posted by BusinessMediaguide.Com under General World News||
- Communications analytics company Behavox is rolling out Broker Vote, a machine-learning tool that ranks hedge funds’ relationships with banks and brokers, at the end of May.
- The program tracks the communication hedge funds have with the teams at banks and broker-dealers and uses natural-language processing to determine which broker was the most helpful to the fund — and funds pay them accordingly.
- The tool may exacerbate the problem many of the largest banks have with shrinking commissions in their equity broker units.
Hedge funds are some of the world’s most sophisticated investors around.
But the way they go about determining what, exactly, their read more >>>