qplum merges quant-style investing with robo-advice
Next-generation robo-adviser, qplum uses machine learning-based trading strategies to bring Wall Street-style investment techniques to mainstream investors. Mansi Singhal, a former portfolio manager at Brevan Howard, and Gaurav Chakravorty, an early pioneer in HFT, both of whom completed Master's degrees in computer science at UPenn, founded qplum. Unlike other robo-advisers, this start-up aims to serve both individual investors and institutional investors with its quant-style hedge fund approach, which also includes risk management and algorithmic trade execution as part of its offerings. The firm, which debuted last year, manages approximately $5m for over 40 clients. The company has a growing client base, and is also building a scalable infrastructure, designed to avoid slippage when executing trades.

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