Massive AI disruption predicted as first strategy hits Asia

Technology experts predict massive disruption in the asset management industry over the coming years as artificial intelligence (AI) increasingly takes hold and is adopted to manage funds. With the launch on Thursday of the first China-focused AI-run strategy for institutional investors, the starting pistol for that change now appears to have been fired in Asia. So human fund managers in the region beware and get ready to retrain. Financial firms spent more than $1.5 billion on …