Why fund managers need to adapt skills for competitive edge with AI

Posted by Anton Murray Consulting on 10 Apr, 2024


The rising popularity of AI has sparked a number of discussions in the last 18 months over its implementation in everyday life, but perhaps the biggest theme to come to the forefront has been the extent to which the technology could disrupt human work. According to Australian-based quantitative investor RQI Investors, everyone will be impacted, but the full extent of this impact on various professions, including investment management, remains unknown. “AI is not magic. It is a tool, and it’s a very clever tool, very clever technology, that can make repetitive tasks much more efficiently performed or it can learn to do smaller functions that require less creative input,” David Walsh, head of investment at RQI Investors, told InvestorDaily.

In a recent paper on the threat or promise of AI in investing, Walsh explored a number of ways in which AI could disrupt the industry, including stock selection and trading, automation through coding and report writing, pattern recognition, and the act of summarising unstructured data. While AI could be useful in some areas of the job, especially in performing mundane, time-consuming tasks, its abilities, according to Walsh, should be viewed as a supplement to a manager’s day-to-day activities. “The creative component of it, the ideas, the insight used in investment management, won’t come from an AI, and it shouldn’t.”

The rest of this article can be found at investordaily.com.au.

Latest market insights

Funds’ views on superannuation performance test enhancement diverge

› Read more

The war on ESG: An evolving quagmire of arms investments

› Read more

BlackRock and Blackstone outline next ‘enormous’ opportunity in AI

› Read more

Pinnacle to launch second UK affiliate

› Read more

Super fund returns could hit double digits for FY24

› Read more

X feed

The successful candidate for this role will provide consulting services to hiring managers and advise on hiring strategies: https://ow.ly/5k4l50RGE8G

We are seeking articulate and confident candidates who are eager to work in an HR/recruitment related position. With Anton Murray Consulting you can be rewarded based on hard-work and your capacity to generate revenue for our business: https://ow.ly/Cue250RCYE6

A leading global financial services firm is seeking a contractor initially for 12 months to join their operations department focused on Global Payments & Treasury Services Operations: https://ow.ly/1rLq50RCXVR

Funds’ views on superannuation performance test enhancement diverge: https://ow.ly/QtfK50RCY0K

Sign up to our newsletter

Sign up to our newsletter

"*" indicates required fields

By subscribing to our newsletter I agree to the collection, use and disclosure of my personal information in accordance with our Privacy Policy