Sin­ga­pore’s GIC in quant strat­egy push

China Daily (USA) - - BUSINESS -

GIC Pte said it had hired a big data ex­pert, as it ex­pands com­puter-driven in­vest­ments through a quan­ti­ta­tive group started ear­lier this year. The Sin­ga­pore sov­er­eign wealth fund ap­pointed Michael Recce in the newly cre­ated role of chief data sci­en­tist last month to work in the GIC Data and An­a­lyt­ics Depart­ment, ac­cord­ing to a spokes­woman. Recce, a for­mer as­so­ciate pro­fes­sor at the New Jersey In­sti­tute of Tech­nol­ogy, is based in Sin­ga­pore and is fo­cus­ing on col­lect­ing pub­licly avail­able data and an­a­lyz­ing it for pat­terns.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.