Investment manager

Insig AI wins advisory contract with alternative investment manager

(Alliance News) – Insig AI PLC announced on Monday that it has signed an advisory agreement with a London-based alternative investment manager.

The deal, which is expected to close by December 31, is worth £120,000. The anonymous investment manager has over $1 billion in assets under management.

Insig AI is a London-based data science and machine learning company.

The advisory deal will see the investment manager leverage Insig AI’s fintech data science capabilities with the aim of “generating alpha”. Alpha is a measure of an investment’s active return, the performance of that investment relative to an appropriate market index.

Insig AI noted that it was “in active discussions with other institutions.”

Managing Director Colm McVeigh said: “It is encouraging to see our clients investing as they seek to exploit opportunities in today’s dynamic market. We see a strong business case for other progressive asset managers to work with us to add value to their businesses. “

Shares of Insig AI were trading up 1.3% at 18.22 pence apiece in London on Monday morning.

By Chris Dorrell; [email protected]

Copyright 2022 Alliance News Limited. All rights reserved.