ADIA Hires Marcos Lopez de Prado as Global Head of Quant Research
Posted on 09/08/2020
The Abu Dhabi Investment Authority (ADIA) hired Marcos López de Prado as global head of quantitative research & development. Prado is a Cornell University professor. Prado is joining a newly-formed investment group at ADIA within the strategy and planning department. This group seeks to apply a systematic, science-based approach to developing and implementing investment strategies.
Most recently, Prado was professor of practice at Cornell University’s School of Engineering, teaching machine learning, according to the statement.
Prado is also the CIO of True Positive Technologies (TPT). PT is currently engaged by clients with a combined AUM in excess of US$ 1 trillion. Prado launched TPT after he sold some of his patents to AQR Capital Management, where he was a principal and AQR’s first head of machine learning. Marcos also founded and led Guggenheim Partners’ Quantitative Investment Strategies business, where he managed up to US$ 13 billion in assets.