{"id":57059,"date":"2017-03-16T09:54:19","date_gmt":"2017-03-16T13:54:19","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=57059"},"modified":"2017-03-16T09:54:19","modified_gmt":"2017-03-16T13:54:19","slug":"steve-cohen-is-trying-to-teach-computers-to-think-like-top-traders","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2017\/steve-cohen-is-trying-to-teach-computers-to-think-like-top-traders.html","title":{"rendered":"Steve Cohen Is Trying to Teach Computers to Think Like Top Traders"},"content":{"rendered":"<p>(Bloomberg) Steven A. Cohen got rich by going with his gut on big trades. Now the billionaire trader is experimenting with another path: automating the decisions of his best money managers. Cohen\u2019s Point72 Asset Management, which oversees his $11 billion fortune, is parsing troves of data from its portfolio managers and testing models that mimic their trades, according to people familiar with the matter.<\/p>\n<p>The wave of automation that\u2019s sweeping finance, initially relegated to taking over mundane tasks, is starting to encroach the ranks of prized money managers who are among the industry\u2019s highest paid. <\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-03-15\/steve-cohen-said-to-eye-computers-to-model-top-traders-thinking\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Steven A. Cohen got rich by going with his gut on big trades. Now the billionaire trader is experimenting with another path: automating the decisions of his best money managers. Cohen\u2019s Point72 Asset Management, which oversees his $11 billion [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57059","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=57059"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57059\/revisions"}],"predecessor-version":[{"id":57060,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57059\/revisions\/57060"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=57059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=57059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=57059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}