A top portfolio manager there just revealed how it's using AI to generate superior returns.
The fund is using AI to move more slowly and trade less, rather than the reverse.
Wall Street firms are racing to use AI, hoping the technology can help it move quicker, save costs, and gain an edge.
On the other side of the Atlantic, the investment giant Norges Bank Investment Management is using AI to slow down.
But Strand's team is able to use the AI tool to decide on the timing of each buy, prioritizing buying the stocks in green, and buying the stocks in red a little bit later.
Persons:
Jon Egil Strand, we're, NBIM
Organizations:
Norges Bank Investment Management, Wall, Equity
Locations:
Norwegian