Answers That Matter to Hedge Fund Analysts

Answers That Matter to Hedge Fund Analysts

Answers That Matter to Hedge Fund Analysts

Jacob Choi

Jul 2, 2024

Our journey from horizontal AI to vertical AI: Generative AI solution tailored for hedge fund analysts

“I wanted to hit a home run rather than three base hits.” - Jacob (Chanyeol) Choi

When I co-founded Linq, my vision was rooted in a fundamental mission: improving the world with technology. Initially known as Wecover Platforms, we launched with the aim to create a generative AI search platform that could cater to a wide array of industries, leveraging technology to solve complex problems across sectors such as insurance, finance, consulting, legal, retail, healthcare, and more. Thus we developed the LinqApp in 2023; a low-code RAG platform incorporating an advanced AI search model that topped the MTEB leaderboard for text retrieval. This allowed our B2B clients to implement generative AI solutions without needing any technical expertise.


AI Solution Tailored for Hedge Fund Analysts

Yet we faced a significant challenge in catering to our diverse clientele. While we stepped up to the plate to tackle their unique problems, we were only managing to get to first or second base with “good enough” solutions. Our broad field strategy had us spread too thin, preventing us from excelling in any single area. To change the game, we decided to narrow our focus and sharpen our application. We homed in on equity research in finance, specifically targeting hedge fund analysts. This wasn’t just a strategic pivot; it was about finding our sweet spot and delivering a winning solution: an AI solution tailored for hedge fund analysts.


So why hedge fund analysts? The answer lies in the acute pain points they face due to unstructured data. Each hedge fund analyst covers 50-300 companies, and the data they need to process is vast and complex. The rapid expansion of global supply chains and increasing macroeconomic uncertainties have made the analysis required even more intricate and time-consuming. Traditional quantitative strategies have their limitations, and the demand for selective, high-quality information is ever-increasing.


Hedge fund analysts currently struggle with:

  • Time constraints. Reading and processing the sheer volume of unstructured data is incredibly time-consuming.

  • Growing data volume. As global value chains expand, the data sets that hedge fund analysts must navigate also grow exponentially.

  • Human attention limits and error. The manual effort employed in analysis leads to inevitable human error and missed insights.


Additionally, while tools like ChatGPT show promise in processing large amounts of data, they often fall short in providing the precise and context-specific answers that hedge fund analysts require. Their generated responses can be broad and lack the sharpness crucial to high-stakes decision-making.


This is where Linq steps in.


Our hyper-accurate search LLM tech stack is a perfect fit for the finance sector. Hedge fund analysts, who are always pressed for time, need highly selective and relevant information—a need our AI search engine meets through hybrid search, advanced embedding models, and document understanding. Moreover, our cloud-native LLM system ensures compliance with the stringent data privacy requirements of the finance industry.


To achieve this, our founding members provide the initial feedback that helps us iterate and refine our product daily through their extensive domain expertise. Additionally, we don’t rely on commercial models; we develop our own. This autonomy allows us to tailor our solutions specifically to hedge fund analysts, providing deep, comprehensive answers far beyond what current market solutions like ChatGPT and AlphaSense offer.


By creating an intelligent search tool that delivers answers that matter to hedge fund analysts, we strive to be the indispensable ally that empowers them to navigate the complexities of unstructured data with precision and ease - not just another AI tool online.


This journey from a broad approach to a specialized and focused one has not been just about finding a niche. It has been about understanding where we can make the most significant impact and dedicate ourselves to delivering unparalleled value. This is why Linq is building an AI solution specifically for hedge fund analysts - our home run solution.


👉 Start a conversation today to explore how Linq Alpha’s solution can improve the investment search with the power of domain-specific Generative AI. (Book a Demo)


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