March 3, 2022
Credit Suisse trades more than USD 1 billion in derivatives linked to the Credit Suisse RavenPack Artificial Intelligence Index
New York – March 3rd, 2022:
A result of a collaboration between Credit Suisse and RavenPack that first began over 4 years ago, the index leverages the power of big data analytics to make sector allocation decisions in a tradable and systematic way.
The index aims to gain exposure to sectors of the U.S. economy with stronger sentiment as determined by a news analytics algorithm developed by RavenPack, which uses Natural Language Processing (NLP) models to objectively analyze thousands of company news published by reputable sources across the globe in milliseconds.
The Index also implements a strategy that combines equities and fixed income, complemented by a daily risk control mechanism.
“By bringing together complementary expertise, Credit Suisse and RavenPack have provided an objective and quantitative approach to information gathering and we are proud of this collaborative success Not only has the index recorded a 6.7% annualized performance* since its launch in 2017, but it also has offered a window into the attractiveness of asset allocations systematically selected by sophisticated data-driven analysis” says Mike Heraty, Head of Institutional Solutions at Credit Suisse.
“This milestone achievement by Credit Suisse illustrates how artificial intelligence has reshaped the landscape of equity investment: sentiment analysis now drives alpha discovery, and RavenPack data delivers the quality and depth of signals that enables it.” says Armando Gonzalez, President and CEO, RavenPack.
*Source: Credit Suisse. Bloomberg. Data collected from October 6, 2017 to December 31, 2021. Past performance (actual or simulated) is not an indicator of future performance.
Credit Suisse is one of the world's leading financial services providers. Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 50,110 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
RavenPack is a leading big data analytics provider in financial services. The company’s products and extensive database allow financial professionals to analyze large amounts of unstructured content, and incorporate effects of public information in their models and workflows. RavenPack’s clients include the most successful hedge funds, Tier 1 and 2 banks, and asset management firms around the globe.
Credit Suisse
Andre Rosenblatt Corporate Communications andre.rosenblatt@credit-suisse.com
RavenPack
Max Colas Director of Marketing mcolas@ravenpack.com
This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof. Copyright © 2022 Credit Suisse Group AG and/or its affiliates. All rights reserved.
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