Hedge fund AI vehicle wins investment from Nomura

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By Vineet Naik.

Nomura, the investment bank, has announced that it is investing in AIM2, a venture specialising in creating artificial intelligence (AI) solutions for trading and the finance industry, established by hedge fund management firm Brevan Howard. 

Brevan Howard launched AIM2 in 2015 to leverage data and to use machine learning to develop alpha investment strategies, which are those that consistently outperform a chosen benchmark index.  As a result of the collaboration between Nomura and AIM2 that began in 2018, the scope of AIM2 has widened to include building trading tools for wholesale financial markets.

The new tools use AI and data science to analyse large sets of high-frequency historical and real-time data, including client flows and market data, to create pricing and make markets. When providing proofs of concept, AIM2 used Nomura’s in-house data in their models, with the aim of creating a system that will leverage Nomura’s pre-existing data as well as constantly improve and learn from new data that is generated.

Steve Ashley
Steve Ashley, Global Head of Wholesale at Nomura

Commenting on the new partnership, Steve Ashley, Global Head of Wholesale at Nomura, said “The AIM2 team has a strong combination of data scientists and capital market experts, and has built an industry leading AI engine that we will use across all asset classes to enhance the client experience and increase market share in flow products. This solution will also form part of our plans to accelerate Nomura’s Wholesale digital transformation.”

©The DESK 2019

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