“We are pleased to be able to offer our clients an innovative investment opportunity based on the latest technology,” said a spokesman for Ripplewood. “By using artificial intelligence, we can achieve greater accuracy in forecasting market developments and thus manage our clients’ portfolios more effectively.”
The market launch of the AI-supported investment option is planned for the end of 2023 if participation in OpenAI is successful.
Ripplewood and its partners are convinced that this new form of investing has the potential to revolutionize the way private investors invest.
The driving force behind Ripplewood is the 66-year-old American investment banker Timothy C. Collins, who founded the investment company Ripplewood Holdings LLC in New York in 1995.
After the turn of the millennium, Ripplewood, in which Collins currently still holds a 15 percent stake, expanded its investments in Europe and Southeast Asia alongside other investors such as Blackrock, Nathaniel Rothschild and Bank of America.
In Germany, Ripplewood is best known for its investments in financial institutions and the failed takeover of Opel.
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