Accern
2 Case Studies
Case Study: Next Alpha Achieves AI Trading Validation and Strong Returns with Accern
A Accern Case Study
Accern Assists Next Alpha in Becoming One of the Best-Performing Hedge Funds
Next Alpha, a hedge fund led by Chief Investment Officer and Chief Executive Kanen Flowers, was building an AI trading system and needed a reliable way to validate that its model was accurate, current, resilient, and trustworthy before using it to automate trading decisions. The company turned to Accern’s no-code data science platform and NLP capabilities as a way to test and verify its AI outputs.
Accern’s platform provided continuous data input, sentiment validation, and additional context to help Next Alpha confirm its own signals and uncover new investment opportunities. With Accern’s support, Next Alpha became one of the best-performing hedge funds in the world, delivering 42% net to investors from April 2019 to April 2020, and the company credited Accern as a key contributor to its success.
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Next Alpha
Kanen Flowers
Chief Executive Officer