Multiverse Computing New…Researchers from Multiverse Computing and Protiviti, working with Ally Financial, have released a study demonstrating how a new algorithm run on a quantum annealing system (a technology for finding optimal solutions) can optimize investment portfolios automatically with returns that match traditional portfolios…

…The team… used the algorithm to build investment portfolios that can generate the same financial returns as traditional portfolios with significantly smaller groups of stocks… …also built an enhanced tracking portfolio as part of the project, which showed that the quantum-built portfolios significantly outperformed the risk profile of the target index by up to 2x…

…The number of stocks in the team’s Nasdaq 100 fund was four times smaller than traditional portfolios and 10 times smaller in the S&P 500 fund…