In this episode of the Big Hitters podcast, host Andrew Hathaway interviews Renee Yao, founder and chief investment officer of a hedge fund that leverages artificial intelligence to achieve above-average returns. Renee shares her journey from her early interest in computing science to her experiences on Wall Street, discussing the unique AI strategies her firm employs to deliver uncorrelated alpha returns. The conversation also touches on the challenges of running a hedge fund, the importance of building a sustainable business model, and the need for more women in finance. Renee emphasizes the significance of sharing responsibilities within her team and encourages female students to pursue careers in STEM fields.

Takeaways:

• Renee Yao's hedge fund focuses on delivering uncorrelated true alpha returns.

• AI strategies are crucial for modern investment management.

• The transition from portfolio management to business management presents unique challenges.

• Building a sustainable business model is essential for long-term success.

• Investor acquisition can be achieved through organic outreach and reputation.

• Sharing responsibilities within a team enhances efficiency and focus.

• Encouraging women to enter finance is vital for diversity in the industry.

• AI can provide insights that traditional methods may overlook.

• Renee's firm has been researching AI since 2014, ahead of the current trend.

• The financial industry needs to challenge stereotypes about gender roles in STEM.

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