The next generation of systematic investing
AI agents that reason about every company on the evidence — trusted, reproducible, objective. Built by Andrew Ang — who has done it before, at BlackRock. For banks and sovereign wealth funds.
Andrew Ang, PhD
He built the second generation of systematic investing. Now he's building the next.
“I spent two decades building factor investing — at Columbia and at BlackRock. The next generation won’t come from adding factors to a formula. It will come from systems that reason.”
- Architect of modern factor investing
- Former Head of Factor Investing at BlackRock
- Professor at Columbia Business School for 15 years
- PhD, Stanford — advised the world's largest sovereign funds
Every systematic mandate will be rebuilt around agents that reason.
Systematic investing weighs companies by rules and evidence, not opinion. Each generation weighed them better than the last — the next is the first that can explain itself.
Factor models
Weight by academic factors
CAPM · Fama–FrenchSmart beta
Weight by a few static factors
The generation Andrew Ang architected at BlackRockAgentic
Agents reason — and explain the weight
AltbridgeFactor models follow a formula. Smart beta tilts it. Agentic systematic reasons about every position — and explains the call.
Trusted. Reproducible. Objective.
Institutional capital demands more than a backtest — a standard, and a mechanism that enforces it. Watch one get built.
Blind to the brand. On the evidence. Auditable by design.
A reason you can audit
Every position carries an auditable reason. Agent disagreement is recorded, never hidden — your committee reviews the reasoning, not just the result.
Same evidence, same portfolio
The methodology is versioned, not a mood. Same mandate, same evidence — run it again and get the same book.
Blind to the brand
Agents never see the name — only the evidence. Reputation, narrative, and market mood can't sway the call.
The thesis, peer-readable.
Two papers co-authored with Andrew Ang — including the L0–L5 autonomy taxonomy — and free weekly research on Substack.
The Path to Autonomous Investing
An L0–L5 taxonomy for autonomous investing, modeled on the SAE levels for self-driving cars.
The Self-Driving Portfolio
An agentic architecture for institutional asset management — construction, review, and the autonomy levels for capital.
The methodology has served the world's largest allocators before.
Andrew Ang's systematic playbook — the second generation — was built with and for sovereign wealth funds, pensions, and the world's largest asset manager. Altbridge is the same rigor, rebuilt for agents.
Asset Management: A Systematic Approach to Factor Investing
The definitive text on factor investing — translated into five languages.
Oxford University Press Sovereign fund review · 2014Review of the Active Management of Norway's Government Pension Fund Global
Commissioned evaluation of the world's largest sovereign wealth fund — with Brandt & Denison.
Norwegian Ministry of Finance Research · 100+ papersTwo decades of published research
Peer-reviewed work on factor investing and asset allocation — among the most-cited financial economists.
Google ScholarCommission a strategy. Keep control.
We build a custom agentic systematic strategy for your mandate — you license the methodology. Not a fund, not a trading desk.
Built to your objectives
Universe, constraints, risk budget, benchmark — the strategy is constructed for your mandate, not adapted from a product shelf.
Assets never move to us
You license the methodology and run it inside your own custody, governance, and risk limits.
A methodology you can inspect
Versioned construction, recorded reasoning, reproducible results — your risk team can verify every step.
Frequently asked questions
What is systematic investing?
What is Altbridge?
Is Altbridge a hedge fund?
How is Altbridge different from other systematic strategies?
How do I work with Altbridge?
What research has Altbridge published?
Book a 30-minute scoping call.
We build custom agentic systematic strategies for institutional mandates — not a fund, not a trading desk. Tell us about your mandate and we'll come back within 24 hours to schedule the call.
Or start with our free research — Subscribe on Substack →