This inventor holds 13 USPTO granted patents and 1 published patent application. Top assignees: Genesis Financial Products, Inc., Genesis Financial Development, Inc., Fdi/genesis. Active years: 2000-2019.
Location History:
- Misissauga, CA (2002)
- Mississauga, CA (2000 - 2019)
Company Filing History:
6 out of 10 
5 out of 5 
2 out of 2 Years Active: 2000-2019
Title: The Innovative Mind of Richard C. Payne
Introduction
Richard C. Payne is a notable inventor based in Mississauga, Canada. He has made significant contributions to the field of finance and portfolio management, holding a total of 13 patents. His work focuses on developing methods and systems that enhance the construction and management of investment portfolios.
Latest Patents
Among his latest patents is a "Method and system for adaptive construction of optimal portfolio with leverage constraint and optional guarantees." This invention includes a processor designed to obtain asset return data for various assets in a portfolio. It populates an initial estimated portfolio covariance matrix and computes initial portfolio weights for the assets. The system is capable of updating the matrix decomposition and modifying the portfolio based on real-time data.
Another significant patent is the "Method and system for constructing approximate minimum variance portfolios." This computer-based method involves populating an initial estimated portfolio covariance matrix and generating initial configurations with randomly selected assets. It determines scores for these configurations and iteratively refines them to achieve optimal portfolio performance.
Career Highlights
Richard has worked with several companies, including Genesis Financial Products, Inc. and Genesis Financial Development, Inc. His experience in these organizations has allowed him to apply his innovative ideas in practical settings, contributing to advancements in financial technology.
Collaborations
Throughout his career, Richard has collaborated with notable individuals such as John Adam Rose and Marc G. Verrier. These partnerships have fostered a creative environment that has led to the development of groundbreaking financial solutions.
Conclusion
Richard C. Payne's contributions to the field of portfolio management through his innovative patents demonstrate his expertise and commitment to advancing financial technology. His work continues to influence the way portfolios are constructed and managed, showcasing the importance of innovation in finance.