The investment management industry is moving full tilt to capture the promise of alpha and efficiency offered by the application of machine learning to managing money. Machine-learning capabilities of traditional money management firms significantly trail the technological prowess of quantitatively managed hedge fund firms such as AQR Capital Management LLC, D.E. Shaw Investment Management LLC, GAM Systematic, Man Group PLC, Renaissance Technologies LLC, Two Sigma Investments LP and Winton Group Ltd., which collectively pioneered the use of artificial intelligence-fueled investment processes over the past two decades.
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