BITA Partners with AlphaBeta to Launch a Series of AI-Driven Multifactor Indexes
[October, 2024] – BITA, a leading company specializing in investment customization infrastructure and indexing solutions, has partnered with AlphaBeta, an Israeli fintech specializing in deep quantitative investment research, to launch a series of sophisticated Multifactor Indexes that leverage AI and one of the world’s largest factor libraries to select and weight securities. This strategic partnership marks BITA’s expansion into the growing factor investing space, combining its technology-driven indexing capabilities with Alphabeta’s deep factor and quantitative model expertise.
The new index series will be initially launched with seven indexes designed to enhance investment performance through a unique multifactor strategy. AlphaBeta’s quantitative models employ over 150 scientifically proven factors, utilizing AI-driven analytics and machine learning enabling a clearer view of market dynamics while diversifying risk. These indexes span both European and U.S. markets, providing a diverse and flexible investment approach for investors seeking to optimize returns.
Oded Shimoni, Managing Partner at AlphaBeta, commented:
"We are pleased to partner with BITA to bring these innovative indexes to market. Our commitment to quantitative investing and technology-driven strategies aligns perfectly with BITA’s vision. Together, we aim to provide investors with smarter tools and strategies based on advanced academic research targeting strong long-term performance."
Founded by Koby Shemer in 2010, AlphaBeta is grounded in a scientific approach to asset management, utilizing a combination of factor-based strategies and AI to deliver investment solutions that aim to outperform traditional benchmarks.
Victor Hugo Gomez, CEO of BITA, commented:
"We are excited to partner with AlphaBeta on the factor investment space. Their approach to the construction of factor-based strategies is heavily differentiated from many of the plain vanilla approaches available in the market. By leveraging our infrastructure and AlphaBeta’s quantitative power, we are bringing innovation to a market segment that had lost its attractiveness over the last decade ."
To learn more about the new indexes and their benefits, please contact: office@alpha-beta.co.il
About AlphaBeta
AlphaBeta is an Israel-based Fintech company specializing in quantitative investment strategies that apply cutting-edge academic research, including insights from Nobel Prize-winning discoveries in Economics and Behavioral Economics, to develop innovative, empirically tested strategies. These strategies are actively deployed across a range of markets, helping clients enhance portfolio performance through scientifically grounded methodologies. AlphaBeta's proprietary approach, leveraging over 150 academic factors, supports effective portfolio diversification and long-term value creation for clients.
About BITA
BITA is a leading technology-enabled Fintech, focused on the provision of investment customization infrastructure and indexing solutions to financial institutions across a variety of market segments and applications. From traditional passive investing to direct indexing, BITA’s infrastructure has been designed to support investment customization at scale.
BITACore is BITA’s cloud-based index development and investment customization platform. BITACore is available both in a web-based version as well as APIs, and can support a variety of applications, from traditional institutional indexing to direct indexing.