Former PM and buy-side thought leader, Jason A. Voss, considers how the industry will evolve over the next 7-10 years, and the change that's needed to develop a new breed of successful active manager.
Despite the hype, artificial intelligence is not yet capable of replacing human fund managers altogether. Indeed, a new categorisation of AI - augmented intelligence - is fast becoming the secret weapon of enlightened investors. We review how they're doing it.
Despite predictions to the contrary, humans are still better-equipped than computers when it comes to decision-making in complex, uncertain conditions. As a result, industries like asset management should be using technology to support its humans, not replace them.
It's easy to postpone change - especially in a difficult market environment. But now is the time for active managers to make better use of the new technology now available to them, and level the playing field with the growing sources of competition.