Dr Richard Bateson is founder and Chief Executive Officer of Bateson Asset Management ('BAM') an investment management company specialising in quantitative investing using AI. BAM is located in London and regulated by the Financial Conduct Authority (FCA).
Dr Bateson is the former Head of Man AHL's Dimension fund, and has held senior roles in several major hedge funds and investment banks, including as Managing Director at the Royal Bank of Canada (RBC).
He was a former physicist at Cambridge and CERN, and holds a first-class degree and a doctorate in physics from Cambridge University. He was a Research Committee member of the Oxford-Man Institute of quantitative finance at Oxford University
He is an industry expert in AI and alternative data in financial markets, he hosts panels and is an invited speaker at major conferences in London and Europe on such matters.
Since 2017, Dr Bateson has been engaged as an expert witness on legal cases in the UK and US involving trading, derivatives, cryptocurrencies, fund management, hedge funds, AI /systematic trading strategies and financial markets.
Richard has 30 years of trading and investing experience across all major asset classes using a diverse range of discretionary and quantitative strategies at major fund managers, hedge funds and banks.
His approach combines academic rigour and numerical analysis with the practical skills acquired from managing multi-billion dollar investment portfolios.
Recent cases have included alleged misappropriation of complex proprietary investment technologies, AI hedge funds and sovereign wealth fund fraud.
Richard is a member of the UK Register of Expert Witnesses. Legal references and detailed biography can be provided on request.
From American Arbitration Association Employment Arbitration Tribunal Final Award in the case of Bridgewater Associates -v- Tekmerion (Minicone & Squire)
"Respondents' expert Richard D. Bateson testified that TCM's models and spreadsheets appeared to be based on academic literature and copied publicly available information, thus corroborating Squire's testimony.
Respondents' experts analyzed each of the alleged trade secrets and found no evidence that any of them, as described, constituted non-public information or information not known to professionals in the industry. Bateson described [...] description of Bridgewater's "investment pipeline" as "very generic. All systematic funds will do this process.""
"In general, I preferred and accepted the testimony of Respondents' experts Bateson and [...], and particularly Mr. Bateson, to that of Claimant's expert [...] on the misappropriation topics. "
Investment Banking
Capital Markets
Cryptocurrencies
Equities and Bonds
Swaps and Derivatives
Private Equity and Credit
Fund Management
Quantitative Investing
Investment Management
Intellectual Property
Systematic Trading
Artificial Intelligence
Alternative Data
Computer Algorithms
Asset Valuations
Information Technology
Operations and Compliance
The alleged misappropriation and misuse of several key proprietary investment technologies including signal construction and economic predictors. The US based case is described in Institutional Investor magazine "Bridgewater and Tekmerion, the Startup Accused of Stealing Its Secrets, End Legal Wrangling".
The UK's first major case involving AI/machine learning which featured as one of The Lawyer’s top-20 cases of 2020. The AI based case is described in a Bloomberg Article "Who to Sue When a Robot Loses Your Fortune".
A High Court hedge fund IP and contracts case involving a leading systematic CTA fund.
Valuation of award-winning hedge fund for divorce settlement which established a new treatment for hedge funds in in Family Court.
Dr Bateson is the author of the book Quantitative Hedge Funds - Discretionary, Systematic, AI, ESG and Quantamental published by World Scientific (2022).
Focusing on the author's three decades of trading experience at leading banks and hedge funds, it covers both discretionary and computer-driven strategies and perspectives on AI-based and quantamental investing using new alternative data, which includes numerous examples and insights of real trades and investment strategies.
FINANCIAL DERIVATIVE INVESTMENTS
Dr Bateson is the author of the book Financial Derivative Investments published by Imperial College Press (2011).
Financial Derivative Investments is an introduction to structured products and derivatives covering equities, currencies, credit, commodities and hybrids. Equity derivatives range from capital protected and reverse convertibles to exotic basket and correlation structures. Interest rate derivatives and structured notes from range Choosers to Bermudan callable swaps. Credit derivatives include credit default swaps, first-to-default baskets, ABS, CDOs, CLOs and CDO-squared.