Balyasny cuts human-machine hybrid team Synthesis

Acidophilus's picture
Rank: Orangutan | 251

Haven't seen this posted yet: Balyasny just cut 10 people running a $2 billion book. The hedge fund axed the 1-year-old team because of poor performance, sources say.

Apparently Balyasny created a unit called Synthesis last year that was supposed to blend human and machine. I'm guessing they got the inspiration from the study that showed human-computer teams outperformed both human-only and computer-only teams in chess. Interestingly, the study showed the best human-computer team wasn't comprised of grandmaster + computer, but just some random dude + computer.

Anyways, they recruited 9 sector heads that were PMs at places like Point72 and Citadel to provide the sector-specific knowledge (I'm guessing to provide the domain expertise to train the machines). Guess it hasn't been doing too well and they shut it after barely a year. Too bad, it sounds really cool and I bet this could have worked if they maybe worked out the kinks. Anyone else have any other info?

Comments (5)

Aug 30, 2019

Hi Acidophilus, check out these links:

Fingers crossed that one of those helps you.

Sep 3, 2019

I made a post about balyasny on here a while back, they dont know how to hire tech/ML people and they suffer for it

Sep 3, 2019

I'm having a hard time figuring out how this could have potentially worked...

The algo provides some type of action with some confidence level and then what? How do you combine the human and digital input? How did this even happen in the chess situation? Computer and human each make a turn sounds retarded... But then how does the human know when to interfere? Is it some type of randomized process? Maybe the computer asks the human to take a decision based on intuition or something when multiple different moves have exactly the same expected outcome

    • 1
Sep 4, 2019

Freestyle chess

Good question, I'm not sure. The link above sort of describes how it works in chess. The idea is that the computer takes care of the number crunching, while the human governs the overall strategy and direction i.e. tells the computer where to number-crunch.

Sep 10, 2019