Asset manager Man GLG has appointed a head of machine learning as it seeks to support managers in their analysis and decision-making processes.
William Ferreira, who joins from Florin Court Capital to take the newly created role, will also focus on the "application and interpretation of machine learning techniques" to analysis of news, social media, markets events and announcements.
Mr Ferreira has previously worked for Man's AHL division, as well as JPMorgan and Merrill Lynch.
Man GLG chief executive Teun Johnston said: "We believe that machine learning techniques present an opportunity for discretionary investment managers, providing them with analytical tools to complement, and further enhance, their decision making processes.
"We are continually seeking to develop our offering for our clients and, as the amount of data available continues to expand, these techniques can supplement existing rigorous quantitative and qualitative analysis."
The appointment comes as a number of asset managers, most recently BlackRock, put a greater onus on the use of quantitative methods in investment processes.
