It will have a large impact on both fund managers and equity analysts. It won't make them redundant, but it will change the way they work. For example, instead of listening to an earnings call and then summarizing it for a discussion with your colleagues on the investment case, you can let AI transcribe the earnings call and chatGPT summarise it. So you save a lot of time and can focus more on the qualitative work and discussion.
Thank you very much for your answer. As I already expressed my opinion to a financial journalist and trader, "only the best financial advisors will survive because they will have to compete with free AI bots that can answer to any question from savers/investors without making them feel stupid or cheated.
Artificial intelligence is just a way of analyzing human languages with statistics. It is like Borges' library of Babel, a huge collection of all possible texts, true or false. It can try to create new knowledge, but it can also create nonsense. It is up to us, the humans who use it, to tell the difference. Therefore, in this context finance which is a human science will inevitably see projects that often end up getting lost behind weak assumptions pulled out by models, especially in the long years of uncertainty ahead of us.
Despite this, AI can help to: build a lean team of fund management that have a market timing that is not available to larger teams, but use a similar analysis capacity and more scalable strategies."
I do not see why they make subjective judgements for the awards. Why not simply award the top performer? If I were a fund manager I would feel extremely aggrieved to lose investors to a fund that had not performed as well as me!
https://www.visualcapitalist.com/cp/which-jobs-artificial-intelligence-gpt-impact/
What do you think about the AI impact on Fund Management?
Giovanni from Apulia
It will have a large impact on both fund managers and equity analysts. It won't make them redundant, but it will change the way they work. For example, instead of listening to an earnings call and then summarizing it for a discussion with your colleagues on the investment case, you can let AI transcribe the earnings call and chatGPT summarise it. So you save a lot of time and can focus more on the qualitative work and discussion.
Thank you very much for your answer. As I already expressed my opinion to a financial journalist and trader, "only the best financial advisors will survive because they will have to compete with free AI bots that can answer to any question from savers/investors without making them feel stupid or cheated.
Artificial intelligence is just a way of analyzing human languages with statistics. It is like Borges' library of Babel, a huge collection of all possible texts, true or false. It can try to create new knowledge, but it can also create nonsense. It is up to us, the humans who use it, to tell the difference. Therefore, in this context finance which is a human science will inevitably see projects that often end up getting lost behind weak assumptions pulled out by models, especially in the long years of uncertainty ahead of us.
Despite this, AI can help to: build a lean team of fund management that have a market timing that is not available to larger teams, but use a similar analysis capacity and more scalable strategies."
Things evolve quikly: https://www.oneusefulthing.org/p/it-is-starting-to-get-strange
Perhaps it's a touch of the ol' ego? Every fund manager who enters probably truly believes that they're the best and they're going to win.
I do not see why they make subjective judgements for the awards. Why not simply award the top performer? If I were a fund manager I would feel extremely aggrieved to lose investors to a fund that had not performed as well as me!