NEW YORK, Oct. 26, 2017 /PRNewswire/ -- Credit Suisse
announced today the launch of the Credit Suisse RavenPack
Artificial Intelligence Sentiment (AIS) Index, a result of its
collaboration with RavenPack to create quantitative investment
strategies from news analyses leveraging RavenPack's artificial
intelligence algorithms.
The AIS Index tracks the notional performance of an algorithmic
US large-cap sector-rotation strategy, harnessing the power of big
data analytics to make sector allocation decisions in a tradable
and systematic way. The strategy is based on sentiment scoring
extracted from news data by RavenPack's artificial intelligence
algorithms, and it represents Credit Suisse's entry into the
growing field of big data-driven investment analysis. It is
the bank's first quantitative investment strategy resulting from
its collaboration with RavenPack.
"We are excited to be working with RavenPack to provide a
quantitative approach to information gathering. The Index offers an
innovative means to obtain exposure to asset allocations that are
systematically selected by sophisticated data-driven analysis,"
says Elaine Sam, Head of Equity
Derivative Sales for the Americas.
"Big data and artificial intelligence present a huge opportunity
for the financial services industry, and this milestone
collaboration with Credit Suisse shows the increased value our news
analytics can provide to equity investors," says Armando Gonzalez, President and CEO,
RavenPack.
Press Contacts
Credit Suisse: Azar Boehm, +1 212
538 3953, azar.boehm@credit-suisse.com
RavenPack: Lauren Herman, +1 952 221 4615,
lauren@calibercorporateadvisers.com
RavenPack
RavenPack is a leading big data analytics provider in financial
services. The company's products and extensive database allows
financial professionals to analyze large amounts of unstructured
content and incorporate effects of public information in their
models and workflows. RavenPack's clients include some of the
largest hedge funds, banks, and asset management firms around the
globe.
Credit Suisse AG
Credit Suisse AG is one of the
world's leading financial services providers and is part of the
Credit Suisse group of companies (referred to here as 'Credit
Suisse'). As an integrated bank, Credit Suisse offers clients its
combined expertise in the areas of private banking, investment
banking and asset management. Credit Suisse provides advisory
services, comprehensive solutions and innovative products to
companies, institutional clients and high-net-worth private clients
globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in
Zurich and operates in over 50
countries worldwide. The group employs approximately 46,230 people.
The registered shares (CSGN) of Credit Suisse's parent company,
Credit Suisse Group AG, are listed in Switzerland and, in the form of American
Depositary Shares (CS), in New
York. Further information about Credit Suisse can be found
at www.credit-suisse.com.
Copyright © 2017, CREDIT SUISSE GROUP AG and/or its affiliates.
All rights reserved.
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SOURCE Credit Suisse AG