By Daniel Lanyon on Tuesday 3 July 2018
Exo Investing is seeking to offer a private bank level of portfolio management using AI and machine learning tech to everyday investors.
New upstart robo adviser Exo Investing has scored a private investment from Benjamin and Ariane de Rothschild, the husband and wife team leading the Swiss private bank Edmond de Rothschild.
The investment, which has helped establish the firm’s UK launch, was alongside that from the founders of Madrid-based ETS Asset Management Factory who supply Exo with its quantitative investing technology and the former heads of the La Compagnie Benjamin de Rothschild SA, Daniel Treves and Hugo Ferreira. The latter is also the chairman of Exo Investing.
The firm, utilising AI, aims to offer investors “a truly individualised, adjustable ETF portfolio, daily risk management and absolute transparency, for a low online fee.”
It says its quantitative investment and risk management technology has been developed over 30 years by ETS for institutional investors and the wealthy clients of private banks.
This allows a move away from the traditional model of static products and predefined portfolios.
Hugo Ferreira, Chairman of Exo Investing says artificial intelligence and the growth in computing power available through the cloud is being utilised by the firm to “democratise access” to finance.
“To successfully ride out market turmoil like the 1987 crash, the internet crises of 2001 and the sub-prime debacle of 2008, you need humility, discipline, transparency and risk control. I found these in spades 20 years ago in the quantitative investing models developed by ETS.“
“Now Exo is utilising AI and recent increases in computing power to offer the same portfolio management technologies to a far wider market and at a highly competitive price. This is a watershed moment for the private investor.”