London CNN —The head of one of the world’s biggest hedge funds says artificial intelligence systems are unlikely to replace traders anytime soon.
London-based Man Group, whose assets under management hit an all-time high of $178.2 billion during the first six months of the year, makes its money by charging investors management and performance fees.
“I don’t think of AI as making investment decisions anytime soon,” Grew said.
In the interview with CNN, Grew said the era of rock-bottom interest rates that broadly defined the decade following the 2008 financial crisis had made way for a period of “volatility and dispersion” ushered in by the rise in inflation after the pandemic.
In other words, traders navigating a volatile market can expect to make a greater range of — and possibly bigger — returns across various assets than during more stable times.
Persons:
Robyn Grew, ” Grew, “, Grew
Organizations:
London CNN, CNN, Man Group, Surgeons, ”, London Stock Exchange
Locations:
London