Jon McAuliffe on Innovation and Statistical Methods

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.4 • 2.2K Ratings

🗓️ 8 September 2023

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bloomberg Radio host Barry Ritholtz speaks with Jon McAuliffe, who is co-founder and chief investment officer at the Voleon Group, heading the firm’s investment-strategy research and development. McAuliffe has a substantial track record of successful innovation in applying statistical methods to real-life prediction problems, particularly in the financial markets. McAuliffe is also an adjunct professor of statistics at the University of California, Berkeley, where he earned his Ph.D.

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0:00.0	This is Carol Masser, here to tell you about another podcast we think you'll love listening to Bloomberg Business Week.
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0:18.0	The trend and AI models are the figures better.
0:21.0	It's actually just an amazing success story.
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0:31.0	This is Master's in Business with Barry Reynolds on Bloomberg Radio.
0:38.0	This week on the podcast, strap yourself in.
0:41.0	I have another extra special guest.
0:44.0	John McCollough is co-founder and chief investment officer at the Volion Group.
0:49.0	There are $5 billion hedge funds and one of the earliest shops to ever use a machine learning as it applies to training and investment management decisions.
1:00.0	It is a full systematic approach to using computer horsepower and database and machine learning and their own predictive engine to make investments and trades and it's managed to put together quite a track record.
1:18.0	Previously, John was at D.E. Shaw where he ran statistical arbitrage.
1:23.0	He is one of the people who worked on the Amazon recommendation engine and he is currently a professor of statistics at Berkeley.
1:34.0	I don't even know where to begin other to say if you're interested in AI or machine learning or quantitative strategies, this is just a master class in how it's done.
1:47.0	It's one of the first people in the space to not only do this sort of machine learning and apply it to investing but one of the best.
1:56.0	I think this is a fascinating conversation and I believe you will find it to be so also with no further ado, my discussion with Volion Groups, John McCollough.
2:07.0	John McCollough, welcome to Bloomberg.
2:10.0	Thanks Barry, I'm really happy to be here.
2:12.0	So let's talk a little bit about your academic background.
2:15.0	First, you start out undergrad computer science and applied mathematics at Harvard before you go on to get a PhD from California Berkeley, what led to a career in data analysis?
2:28.0	How early did you know that's what you wanted to do?
	...

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