. . . Mehrotra taught Ann everything she knows about analyzing markets, but it’s clear who calls the shots about Legend’s $1.5 billion portfolio.
Shashi Mehrotra of Legend Advisory Corp. created Asset Allocation Neural Network, an artificial intelligence program. Ann zips through stock and bond analysis and decides how clients should move money among investment types.
When he and Ann disagree about a decision — perhaps she thinks it’s time to trim holdings in foreign markets and move the proceeds to U.S. large-cap stocks — Mehrotra has learned to let her have her way.
“Nine out of 10 times, I’m wrong, and she’s right,” he said recently from his office, as Ann sat silently nearby.
Maybe that’s because Ann doesn’t get caught in the emotional traps that snare so many investors. She doesn’t watch CNBC, and she doesn’t mind betting against the crowd.
“She doesn’t have any attitude. She doesn’t get tired,” Mehrotra said of Ann. “She’s fearless, she’s emotionless, she’s greedless.”
She’s also a computer model. Mehrotra has spent more than a decade creating and tweaking what he calls his Asset Allocation Neural Network, AANN by her initials and “Ann” in conversation . . .
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When it’s time to invest, Gardens firm turns to Ann
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