Today, Level E Research announces that M&G plc has invested a minority stake in its latest seed funding round and that it is partnering the company to develop a suite of Artificial In telligence (AI) investment strategies. The strategies will focus on regional equity markets  with each one supported by an initial investment of GBP £100 million. 

The first one, AI Smart US, has launched with the objective of outperforming the US S&P 500  Index. The other strategies will launch with a similar aim to deliver excess investment returns compared to a specific financial index. 

AI strategies use powerful computers to crunch large amounts of data to find investment  opportunities. They use the latest technologies to be; smarter, uncovering value in areas that  are hard to recognise by humans alone; faster in executing investment decisions; and  cheaper because of their tremendous economies of scale and scope.  

Edinburgh based Level E Research, founded by Dr Sonia Schulenburg, pioneers an  innovative approach to AI-driven investing using a process called “Co-Creation” which gives  institutional investors the ability to build bespoke AI-driven investment strategies. Built to  run on Level E’s in house “E-platform”, these strategies are backed up by rigorous academic  research. 

Together M&G and Level E Research aim to bring AI and Machine Learning to the forefront  of investment management.

Dr Sonia Schulenburg, CEO of Level E Research, said: 

“Today, we are excited to announce a transformational milestone for Level E Research as we  partner with M&G. With over two decades of research and development behind us we now begin the next stage of our journey as we grow and scale alongside the largest and most established investment managers in the world”. 

“Level E Research is now perfectly placed to provide AI solutions that empower the  investment industry in the UK and beyond”. 

David Montgomery, Managing Director at M&G Wealth said: 

“We want to offer a wide range of investment choice at great value to financial advisers and  clients. Unquestionably, AI solutions are becoming an increasing factor in construction of  bespoke investment options and, as with any digitisation, helps to lower costs. 

“We are delighted to partner with Level E Research and look forward to the launch of these  investment strategies and all future developments”. 

ENDS 

For further information and media enquiries, please contact: 

Daniel Munro: 

Business Development Associate Level E Research 

+44 (0)131 556 7751   

+44 (0)7575 337475 [email protected]

Notes to Editors 

About Level E Research 

Level E Research is an Edinburgh-based financial technology company led by scientists that  partners with institutions seeking to innovate and adapt, collaborating through a process of  Co-Creation to develop bespoke AI investment solutions. 

The Level E team specialises in Machine Learning (ML), a subset of AI, where computing  systems learn behaviours from vast quantities of data – in this case from financial markets.  Over twenty years of academic research, seasoned by practical experience, enables  consistent decision- making that is fully autonomous and adapts continuously to changing  market conditions. The company is led by founder Dr. Sonia Schulenburg, CTO Dr. Ben  Williams and CFO Patrick Neville. 

About M&G 

FTSE 100 company M&G plc is an international savings and investments business, managing  money for around 5 million retail customers and more than 800 institutional clients in 28  markets. As of 31 December 2022, they had £342 billion of assets under management and  administration. 

With a heritage dating back more than 170 years, M&G plc has a long history of innovation  in savings and investments, combining asset management and insurance expertise to offer  a wide range of solutions. They serve their retail and savings clients under the M&G Wealth  and Prudential brands in the UK and Europe and under the M&G Investments brand for  asset management clients globally.