Printer Friendly

Legend Advisory Corporation Says "Hey Watson, Have We Got the Girl for You! Meet AANNO".

PALM BEACH GARDENS, Fla. -- In the first-ever Man vs. Machine Jeopardy! competition, IBM's "Watson" super computer takes on the two greatest champions in the show's history. What has been touted as an amazing application of artificial intelligence is status-quo for the team at Legend Advisory Corporation who know "AANN" (the Asset Allocation Neural Network).

Think investing without emotion is a good idea? AANN does.

In the early 1990's, Legend Advisory Corporation's investment committee recognized the limitations that conventional investment methodology may bring, and were compelled to explore a more progressive solution. It was in 1993 that we identified an opportunity - in the form of neural networks, an application of artificial intelligence. Our AI Research commenced in 1993 and continued in earnest for a solid four years. In 1996, the Investment Committee began utilizing our first proprietary network, the Asset Allocation Neural Network (AANN), a sophisticated computer modeling system which is now used extensively in the ongoing management of our investment advisory portfolios.

The twin emotions of greed and fear can wreak havoc on many investors.

AANN doesn't get caught in the emotional traps that snare so many investors. "She doesn't have any attitude. She doesn't get tired," says Shashi Mehrotra, Legend Advisory's Chief Investment Officer and primary architect of AANN. "She's fearless, she's emotionless, she's greedless." The dimensions that AANN can see and detect in financial markets are beyond human comprehension. Her algorithms let her mimic the human brain - albeit a super-charged brain that quickly analyzes stock and bond markets from across the globe. Mehrotra sees AANN as the future, adding, "I think we've created a new frontier in the investment management industry."

Legend Advisory Corporation is a registered investment adviser headquartered in Palm Beach Gardens, FL with approximately $1.7 billion in assets under management (as of December 31, 2010) from public and private retirement plans, endowments, foundations, institutions and individuals.

There is no guarantee that the recommendations made by AANN will be accurate. AANN does not, in and of itself, make any investment decisions. Legend Advisory Corporation's Investment Committee utilizes AANN as a tool in its investment management process. Investment decisions made by Legend Advisory Corporation may result in a profit or a loss. Investing involves risk, including the possible loss of principal.

Advisory services offered through Legend Advisory Corporation, a registered investment adviser. 4600 East Park Drive, Suite 300, Palm Beach Gardens, FL 33410 866-774-8671,
COPYRIGHT 2011 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Feb 17, 2011
Previous Article:Research and Markets: 2010 Taiwan Games Market Summary Report.
Next Article:Research and Markets: Mobile Web: Best Practices for Retailers.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters