(Bloomberg) The asset management industry is “kicking and screaming” as it’s forced to adapt to quantitative trading, while managers who ignore it face irrelevance, said Sandy Rattray, chief investment officer at Man Group Plc. Rattray, speaking at the AI and Data Science in Trading conference Tuesday in New York, compared money managers with taxi drivers who are facing the threat of Uber and automated vehicles.
Man Group CIO Says Managers Are Being Led ‘Kicking and Screaming’ into Quant Era
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