Featured Participants
David Mascio
Managing Founder and Principal, Della Parola Capital Management, LLC
Please tell us a little about the topic you will be speaking on at the upcoming event? Start here with edits
- I will be participating on a panel to discuss alternative data in discovering better ways to generate Alpha.
- How to uncover better ways of acquiring alternative data and the efficacy of the data set.
- In addition, how to make sure the data is clean and ready to use in a forecast model.
Can you tell us a little bit about your background, and how you ended up in your current role?
I began my career as a fundamental equity analyst and went back to school to acquire a PhD in finance. I spent 8 years in academics, and with two colleagues from Colorado State University started a quant hedge fund based on our academic research. My research is focused on developing machine learning models to forecast market trends. I have also developed an asset allocation technique using Artificial Intelligence to optimize portfolio selection. Currently, I am developing FinTech product for financial adviser, asset managers and individual investors that will allow them to be more equipped for left-tail market events.
What is the biggest challenge you face within your role today, and how are you looking to tackle it?
Models are only as good as the data and relevancy it produces. Today’s geo-political climate and the market’s dependency on loose monetary policy presents obstacles in forecasting high probability outcomes. As a result, new data sets have to be independent of short-term trends. Moreover, data mining outcomes need to be independent of monetary policy and short-term political influence.
Biggest success you achieved for 2018/ 2019 so far?
We have successfully converted our behavioral risk model into a FinTech product that will be available for public use sometime in early 2020.
What are your Key Objectives for attending the upcoming event?
- Making sure our product development is relevant and current.
- Learn about new AI and machine learning applications to improve our product offering.
- Network with like minded industry professional.
Investors are finally accepting that the next generation of risk management is upon us. In order to better mitigate large market draw-downs and generate meaningful alpha; the application of AI and machine learning models are a necessity.