Future Investment Portfolio Managers May Rent Quantum Computing Capabilities Via Cloud Services

(FinancialTimes) NASA recently worked with the Universities Space Research Association, an academic group, and Standard Chartered, the UK bank, to investigate the efficiency benefits that quantum computers could bring to investment portfolios. Alexei Kondratyev, managing director for financial markets at Standard Chartered, who worked on the report expects much more use of computing in the next couple of years as fund managers are able to rent computer firepower through the cloud. Nasa and Standard Chartered have been running a research programme since the beginning of the year looking at their use in designing investment portfolios.
The use of quantum computing in the investment industry has been considered for several years, with Marcos Lopez de Prado, who recently left Guggenheim Partners for quant specialist AQR Capital Management, one of its biggest proponents.