Asian institutional investors sceptical about AI’s benefits

“The investment management industry is way behind other sectors’ use of artificial intelligence. Look at auto manufacturers and what they’re doing with self-driving cars." In saying this, Oliver Johnson, Asia Pacific head of investment technology provider SimCorp, has a valid point. Yet there are a number of valid reasons why institutional investors – and asset managers – are wary of rushing into adopting AI as a portfolio management tool. They centre on reluctance to relinquish h…