“I’m a little excited and words don’t come out. I am the new World Trading Champion“, this financial genius announced a few days ago through his X account (ex-Twitter). No wonder, it is a unique event and marks a milestone in the history of trading in the region.
And Scherman won a contest in which more than 5,000 qualified experts of all the world. What is evaluated in this competition is the potential of the participants and their ability to forecast prices, trading techniques and risk management.
Who is Iván Scherman
Born and raised in Argentina in a middle-class family, Scherman, 46, He finished his degree in our country, went to study in the United States and there he began to take off. First, he gained some recognition for his use of Artificial Intelligence (AI) to develop investments.
Then, he stood out because he is the ideologue of one of the most profitable portfolios in the world and leads one with a good reputation and development in the world, Emerge Funds. Scherman consolidated very solid portfolios that obtained a average return of 491% per year last year. That earned him the title of 2023 Futures Trading World Champion.
At the head of his fund, he achieved that the profitability of the flagship fund in 2023 was greater than 40% (net of profit for clients) and from the beginning (2007-2023) that index was, on an annual average, 23% net for the clients.
In 2023, they opened their own subsidiaries in Dubai for the firm’s middle east hub and in São Paulo. And also this year they closed distribution agreements in the United States and Argentina with locally registered agents. And already in 2018/19 they had opened Australia and Bolivia and have representation in different countries, such as the United Kingdom, Mexico, Chile.
The key to your success
According to what they tell Ambit in your enviroment, Your investment fund is managed with artificial intelligence (AI) based on mathematical calculations sophisticated and the tools it uses can scan around 12,000 assets in real time. “We have been operating 100% robotically for years. For us it is not new. Iván is a pioneer in this type of technology applied to trading,” they say from the background.
Scherman holds the title of Chartered Market Technician (CMT), one of the highest levels of technical analysis that can be achieved in the United States. And he complements it with the use of AI in his investment portfolios. It is a tool that, applied to technical analysis, helps find different behavior patterns in asset prices. Likewise, it is not that it leaves humans out of any decision, but rather that they intervene to pose the hypotheses, design study samples and program the algorithms, as well as when analyzing the results obtained.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
