A new partnership between the Alberta Investment Management Corporation (AIMCo) and the Alberta Innovates Centre for Machine Learning (AICML) at the University of Alberta aims to improve potential investment returns for AIMCo clients in select investment strategies.
This new business relationship will see AICML and AIMCo develop analytical methodologies applied to certain AIMCo investment models.
Cameron Schuler, executive director at AICML, says his team’s role will be to add valuable insights that will support AIMCo’s decision-making process.
“Machine learning combines a number of advanced computing methodologies so computers can independently learn from massive amounts of data, interpret trends and continually adapt dynamically to changing conditions,” he explains. “With our researchers’ skill sets we are able to adapt machine-learning methodologies to a broad range of environments, including investment management. AIMCo is providing the subject-matter expertise, and AICML is providing the technological know-how.”
David Goerz, executive vice-president of investment strategy and risk management at AIMCo, highlighted the importance of the partnership.
“Collaboration with AICML provides an exciting opportunity seeking to improve the predictive quality and adaptive capabilities of our asset class models by leveraging this world-class research group,” he says.
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