Asset owners lagging on using AI for investing
Fund managers are setting the pace in using artificial intelligence as an investment tool, with such technology beyond the budget of even certain large pension plans – for now.
Many asset owners may be keen to insource more investment capabilities, but there is one skill set that most seem happy to leave to fund managers for now: artificial intelligence.
Pension plans, sovereign wealth funds, insurance firms are increasingly allocating technology spend to boost efficiency and returns. Yet while large hedge funds such as the UK's Man Group have been using AI capabilities for some years, they are not yet a priority for most institutional investors.
The…
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