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Datrix signs partnership with Albemarle to develop quant financial products based on AI

Datrix S.p.A., a company listed on Euronext Growth Milan (ticker DATA, ISIN code IT000546837), and leader in the development of Augmented Analytics solutions and services based on Artificial Intelligence and Machine Learning models for data-driven growth of companies, announces that it has signed a partnership agreement with Albemarle Asset Management Ltd (a company regulated by the UK Financial Conduct Authority) for the joint development of investment products that will exploit the technologies developed by its subsidiary FinScience srl over the last three years.

The partnership includes, in particular, the launch by Albemarle Asset Management of a quantitative equity product in UCITs format focused on the US market and based on Finscience’s proprietary machine learning technologies and the future development of thematic products with a significant ESG focus already at an advanced stage of development. Ugo Pastori, formerly Senior Fintech Advisor at Datrix, will take over as Principal of FinScience’s investment area, reporting directly to the Group’s CEO.

The partnership with Albemarle Asset Management is a very important step for the growth of the Fintech area of the Datrix Group and will allow us in the future to develop technologically-advanced solutions to support investment activities thanks to a partner with proven experience in the field and an international presence which will allow us to target the institutional client base“, said Fabrizio Milano d’Aragona, CEO of the Datrix Group.

The product we intend to launch under the F3 brand is the result of almost three years of work; during this period we have taken full advantage of the Group’s technological expertise in algorithmic data analysis, integrating it with a solid expertise of the financial market background. We believe that the blend of the two worlds is fundamental for the development of the managed products of the future, both for risk control considerations and for the increasing personalisation of these products in favour of end investors“, said Ugo Pastori, Principal of Finscience Investments

We are excited to participate with Datrix in this project that will see the use of machine learning technologies applied to the development of new investment products and solutions to serve professional investors. Albemarle believes that the use of technologies based on artificial intelligence will bring important benefits to the investment management business and is convinced that Datrix, a growing group with high expertise in this field, is the ideal partner to pursue projects in this area“, said Massimo Massimilla, Partner of Albemarle Asset Management.