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NextWave Ventures, a venture-capital firm specializing in the commercialization of early-stage technologies, today announced the formation of Apical Technology, a portfolio of artificial intelligence (AI) technologies.
Advanced by Ron St. Onge and Jim St. Onge, Apical is the result of nearly 20 years of research in optimizing AI- based solutions to non-linear systems. With significant real-world predictive results in market behavior, NextWave Ventures identified an initial opportunity to use the Apical AI-based software platform for equities trading. Apical’s strategies utilize AI and machine learning to generate superior risk-adjusted returns that are non- correlated to both major asset classes and other hedge fund strategies.
“Apical is the result of an incredible body of academic research that Ron and Jim refocused to create AI systems that are currently being applied to machine-guided investment strategies in global equity markets,” said Alan Simoni, Chief Investment Officer at Apical Technology. “Collectively, Ron and Jim bring nearly 50...