17 May, 2017
We’re Seeing How Far We Can Push Artificial Intelligence In Asset Management
Artificial intelligence (AI) will have a significant and complementary role to play in asset management going forward, according to investing guru, Man Group’s Pierre Lagrange.
“It’s all about seeing how far we can push the machine in terms of taking some of the decision-making on the investment side. There are so many variables that people are looking at to be aggregated into the decision-making so the more you can use a machine, the better it is,” explained Lagrange, speaking to CNBC on Tuesday.
Lagrange co-founded discretionary asset fund manager GLG in 1995 and stayed with the firm following its 2010 acquisition for $1.6 billion by the world’s largest publicly traded hedge fund, Man Group.