Les Finemore, CIO, said: “The ambition is to build the premier AI research lab in Latin America. Hedge funds are now not competing just with each other for talent, but with AI labs for elite mathematicians and computer scientists. Richard Craib, founder of AI native hedge fund Numerai, believes the growing proliferation of AI will have a diminishing influence on their models. Liang Wengfeng demonstrated the close intertwinement between quantitative investment and the development of AI models after DeepSeek spun out from his hedge fund High-Flyer. That decay is precisely why building an in-house AI research capability is about more than technological sophistication.