The use of Artificial Intelligence is disrupting many industries, notably finance and investments. Yahoo Japan and its subsidiary Magne-Max are using AI and Big Data to find investment opportunities. Magne-Max is modeling insights from behavioral economics (a topic which has won three Nobel prizes in the 21st century) to asset pricing based on AI.
Advances in algorithmic theories and computing capabilities combined with Big Data may dramatically change the way in which the financial assets are managed. Financial assets are oftentimes priced away from fundamental value, and irrational investors sometimes exacerbate the deviation. Magne-Max believes that those noise traders behavior can partially be predicted because humans make the same mistake over and over again. Some of the investor behaviors are “Predictably Irrational” as Dan Ariely, behavioral economist at Duke, titles his bestseller book.
Today Magne-Max is using these strategies and insights to manage over JPY 28 billion invested in listed Japanese equities.
Come to learn about these emerging fund investment trends using the latest technologies.
About the Speakers:
Katsuhiko Okada, PhD
CEO/CIO of Magne-Max Capital Management, Tenured professor of Finance at Kwansei Gakuin Univ business school. After five years of trading experience in Morgan Stanley, New York, Tokyo, UBS Tokyo, Katsuhiko co-founded Halberdier Capital Management Singapore, which later became the second largest Japan-focused hedge fund in Singapore. He sold his stakes in 2001 and became an academic in financial economics in 2005. In 2011, organizing scholars and post-doctoral researchers in computer science, he founded Magne-Max Capital Management, AI based investment advisory company. Katsuhiko’s research interest is in behavioral asset pricing. He serves as a president of Association of Behavioral Economics and Finance and a chief editor of Journal of Behavioral Economics.
Vice President, Financial Service Division, Yahoo Japan Corporation; Director, Astmax Asset Management, Inc.; Director, Magne-Max Capital Management Upon graduating from Keio University with honors in Policy Management, Daigo joined Sony and engaged in building Supply Chain Management for five years. He then joined Arthur D. Little as a management consultant only to be head-hunted back by his former boss at Sony to help him manage Sony Life Insurance as a Chairman. As an executive secretary, he supported the chairman to manage overseas business and was deeply involved in business planning for the firm. In 2013, he joined Yahoo! Japan to develop business strategies for its financial unit. He leads the asset management business of Yahoo! Japan.
Frank Packard, Chair
Jenifer Rogers, Christopher P. Wells, Vice Chairs
ACCJ Alternative Investment Committee
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