The Hong Kong Computational Trading Association will launch the SinoGulf AI Strategy investment portfolio in October.

The seventh International Algorithm Trading Competition, organized by the Hong Kong Association of Algorithmic Trading, held its final competition in Riyadh, the capital of Saudi Arabia on Wednesday, September 17th. The prizes were won by teams from Switzerland and Hong Kong. The organizers announced that a portfolio will be launched in October, incorporating the algorithms developed by previous champions and top players, open for professional investors to participate in. The team "Balfrin" from Switzerland won the Best Return Rate Award with an absolute return rate of 39.54% over a two-month period. The runner-up was the team "Alpha Hunting" from Hong Kong, with an absolute return rate of 6.22%. The Best Sharpe Ratio Award was also won by the Swiss team "Balfrin" with a Sharpe Ratio of 2.97, while the runner-up was the team "Fresh Organic Human" from China with a Sharpe Ratio of 2.84. The Sharpe Ratio is a measure of risk-adjusted return, where a higher ratio indicates a more efficient investment strategy, obtaining higher returns with lower risk. The Best Strategy Design Award went to the Hong Kong team "Alpha Hunting". Co-founder and chairman of the Algorithmic Trading Association, Tse Kai-pang, announced the launch of the SinoGulf AI Strategy portfolio in October, incorporating the algorithms developed by previous champions and top players for professional investors to participate in. The details are pending final approval from the Saudi regulatory authorities. This move aims to propel AI-driven asset management into a new phase. This event was held in conjunction with the Money 20/20 Middle East conference on financial technology in Saudi Arabia, sponsored by the Saudi Capital Market Authority (CMA), Hong Kong Science Park, and other organizations. It attracted 800 participants from 49 countries, setting a new record. Tse Kai-pang pointed out that this event highlights the deepening financial technology cooperation between Hong Kong and Saudi Arabia, in line with a recent Memorandum of Understanding signed between the two regions, aiming to promote cross-border AI asset management and financial technology innovation, further solidifying their leadership in the global financial future.