(City A.M) The hedge fund industry is at an “inflection point”, according to titans in the sector, which could see the idea of “star managers” take a back seat to artificial intelligence (AI) and data-driven strategies…..Efficiency in markets and the wider availability of financial data has helped make it harder for hedge funds to produce returns beyond a benchmark, a new report from Aberdeen Standard Investments and trade body the Alternative Investment Management Association (Aima) has found.
Hedge Funds’ “Star Traders” to Be Booted Out of Limelight in Favor of AI
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