AI-powered investment advisor Delphia appoints ex-AWS Andrew Arnold

Rick Steves

Delphia is an investment advisor that rewards investors for sharing data to improve their returns. The firm’s hedge fund has disclosed that it achieved an average of 72% net returns in its first year of performance (59% net return to those paying the highest fees).

Delphia has appointed ex-AWS Andrew Arnold as Chief Science Officer as the investment advisor doubles down on the combination of AI and proprietary data as a way to outperform the market and previous industry benchmarks.

Andrew Arnold led a team of applied researchers and scientists at AWS, where the team launched CodeWhisperer, an AI pair programming tool, similar to GitHub’s Copilot, that can autocomplete entire functions based on only a comment or a few keystrokes.

Prior to Amazon Web Services, he held various leadership positions at prominent global organizations in the fields of machine learning, artificial intelligence, and quantitative trading.

He is an Adjunct Professor in NYU’s Department of Finance and Risk Engineering, where he lectures on natural language processing and machine learning applied to quantitative trading and finance.

Delphia achieved average of 72% net returns in first year

The former lead scientist of AWS’ CodeWhisperer is a proven expert in machine learning and artificial intelligence. At Delphia, he will build on top of the platform’s existing proprietary prediction models and quantitative investment framework to surface new insights and discoveries from the vast and growing data set.

Delphia aims to improve its stock selection model for the benefit of accredited and non-accredited investors that look to take advantage of future investment opportunities.

Delphia is an investment advisor that rewards investors for sharing data to improve their returns. The firm’s hedge fund has disclosed that it achieved an average of 72% net returns in its first year of performance (59% net return to those paying the highest fees).

Track record in AI and quantitative investing

Andrew Peek, CEO and Co-Founder of Delphia, said: “We believe Andrew Arnold’s track record, in both AI and quantitative investing, will allow us to become the preeminent quantitative investment manager on the market. His ability to lead the launch of a highly complex service at one of the world’s most renowned innovators, AWS, makes him an incredible addition to our team.

“I am excited to work closely with Andrew as he will play a significant role in elevating our offering and further leveling the playing field for all investors, regardless of their accreditation or level of familiarity with investing. Our goal is to help investors achieve higher returns on their investments through world-class AI and research. I’m confident that bringing Andrew to the team will help us deliver on this promise in unprecedented ways.”

Andrew Arnold, Chief Science Officer at Delphia, commented: Arnold commented on the news, “I’m thrilled to start working with this team of talented individuals to expand on the data-driven investment framework Delphia has built. It’s not every day that an institutional-grade investment algorithm makes its way into the hands of everyday people. As markets continue to evolve, data will remain the most essential differentiator needed to stay ahead and I’m excited to contribute to the incredible amount of innovation already happening within the team.”

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