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Meet the hedge fund with no portfolio managers ‘capable of quadrillions of floating point calculations per second’

Castle Ridge executives said that AI has evolved enough to adapt and make investment decisions better than human portfolio managers

Housed in its own room, the 2m tall, 1.5m-wide Wallace supercomputer is cooled by a dielectric liquid system
Housed in its own room, the 2m tall, 1.5m-wide Wallace supercomputer is cooled by a dielectric liquid system Photo: Getty Images

Hedge funds such as Brevan Howard, Millennium and Marshall Wace are spending millions in a bidding war to bring in the world’s top portfolio managers.

But at Castle Ridge, most of the key investment decisions are made by just one employee: Wallace.

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