As we've previously announced, BlueVestment is releasing a Lending Club P2P-Picks replacement, called BluePicks, on July 1st.
Ricardo, founder of Interest Radar and now the Chief Credit Officer of BlueVestment, has a long track record of building credit scoring algorithms at both Interest Radar and his day job in the debt markets. Ricardo, Nathan and I have developed two models that should be nice replacements for the Loss Minimizer and Profit Maximizer.
- Blue Picks Moderate (BPM): this model includes the A, B & C graded notes that have the lowest probability of charge-offs. This will compare very closely to P2P-Picks Loss Minimizer but we have added c-notes to the mix to improve total returns.
- BluePicks Aggressive: this model includes D, E, F & G notes and is focused on delivering the highest risk adjusted return. Again, this will compare very closely to Profit Maximizer but we have excluded C notes as we believe they dilute our users' objectives of maximum returns.
We're very pleased with the back-testing results and will have our own accounts, totaling over $300k, dedicated to using BluePicks for all future note selection. We're committed to 'eating our own cooking'.
If anyone has any questions, please don't hesitate to drop me a note at jon@bluevestment.com.
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