The FIRM lab fills an important gap in the AI-ML ecosystem in Canada. In a field that is fast moving, it is important for practitioners to be able to tap into a network of specialized researchers in the field. FIRM approaches AI ML with a focus on financial markets, an important consideration given the specificities of our field. We are happy to collaborate with the lab and benefit from this dialogue between academia and finance.
Anne-Sophie van Royen, Ph.D.
Vice-présidente, Actions Fondamentales Systématiques, Marchés Liquides
Head, Systematic Equity
Caisse de Dépôt et Placement du Québec
We were very pleased to not only support but also participate in this very exciting initiative. AI/ML will undoubtedly play an increasingly important role in the asset management industry, and the local investment community will benefit greatly from the FIRM Labs, which brings together leading researches from a variety of relevant fields. Under Professor Goyenko’s expert leadership, the team implemented a number of sophisticated ML models over the initial 12-week period and presented some very promising preliminary results.”
Nicolas Papageorgiou, Ph.D
Chief Investment Officer, Public Markets
FIRM Labs very quickly demonstrated the value they can bring to an asset management organization by combining two critical fields: Financial Economics and Computer science. FIRM set up a hands-on and unique training program in this newly important space and then showed thought-leadership as the Labs was able to apply cutting edge ML to use cases in asset allocation, clearly highlighting potential economic gains to a portfolio manager. The time we spent with them was both insightful and thought provoking.”
Vice President, Digital Strategy and Innovation
Participation in FIRM Labs has been a useful and instructive experience. The efficient way in which the group tackles real-world, practical industry problems has led to advanced analytical prototypes for solving the many challenges put forth. The multidisciplinary profile of the team certainly contributes to this quantitative competence and is undoubtedly a key asset for anyone looking to leverage machine learning in their area of practice.”
Maxime Lavoie, MSc (Fin), MBA.D
Desjardins Asset Management
Your team did a great job! The team is professional and client oriented. The final results were well explained and were beyond our expectations. The several machine learning technics learned during the lab will be useful for our Asset Allocation Team. I encourage any firms that want to develop their machine learning capabilities to take part of this kind of partnership.”
Julien Béland, M. Sc. Ingénierie fin.
Conseiller principal/Senior Advisor
Desjardins Asset Management