PsyQuation adds experienced investment coach David Hobart to head consulting business
Behavioral profiling based trading tool provider PsyQuation has announced that David Hobart has joined the PsyQuation team to head up its Performance Consulting business.
Hobart and PsyQuation plan to work with banks, Forex brokers, and investment firms to enhance investment returns for traders.
PsyQuation is a robo trading coach that helps traders to generate more profits. Using machine learning and a database of over 3,800 traders, PsyQuation identifies behaviors that typically cost traders money and nudge individual traders toward more profitable behaviors.
PsyQuation CEO Michael Berman said he was ‘pumped up’ and had the following to say:
I have known Dave professionally for more than 8 years and know we share a similar outlook on how emotions drive the capital markets. Dave brings more than 22 years of institutional money management experience to the table, with the last 9 years running a successful trader coaching practice alongside his hedge fund. The PsyQuation team is super excited to be able to offer our customers a full package service. PsyQuation will now have alongside the world’s first Robo Trading Coach, an exceptionally talented trading coach to complement our quantitative analytics solution.
David Hobart himself added:
After a lengthy career in the corporate / institutional world I am excited to partner with the innovative PsyQuation team who have coded and automated many of the principles I believe are paramount to successful trading. At PsyQuation Performance Consulting (PPC), we want traders and investment professionals to be more profitable. All of our programs and solutions are focused on that outcome.
Over the last 22 years, David Hobart has been the Head of Proprietary Trading for BT Australia Foreign Exchange, a senior proprietary trader with Macquarie Bank and ABN Amro, managed his own hedge fund, Apeiron Global Macro Fund and ran the hedge fund business for Blue Sky Alternative Investments Ltd. These roles involved active trading in foreign exchange, commodity, interest rate and equity markets, and managing a diverse team of traders and portfolio managers.