According to Hedgeweek, "this year could prove pivotal for hedge funds’ use of disruptive technologies. New Hedgeweek research finds the industry on the cusp of majority use of big data, artificial intelligence (AI), and blockchain for investment purposes. Among Hedgeweek survey sample, 50%, 40% and one-third of hedge fund firms, respectively, use these technologies to generate alpha. By January 2024, those not using them will likely be in the minority."
Read this Hedgeweek Insights Report that explores these key findings:
- Around half of $1bn+ and startup hedge funds now invest using AI
- ChatGPT is helping investors – and managers – get comfortable with AI
- The data problem has evolved, and so have hedge fund managers’ needs
- Hedge funds remain resistant to the idea of using AI for inhouse ops
