Man Group’s AHL fund steps up AI push

©Reuters More On this story On this topic IN Financials Man Group’s computer-powered AHL hedge fund plans to ratchet up its investment in “machine learning”, a hot new area of artificial intelligence that is garnering increasing attention in the investment industry. AHL, which manages more than $19bn, is mostly known for investment strategies that follow trends and its two main funds have returned an average of 12-13 per cent annually since the mid-1990s. But the success of its machine learning experiments in recent years led the company to plough more money into the field, and it is now the single biggest investment area at AHL, according to Sandy Rattray, chief executive. “It’s very powerful, and could unleash a very important period for quantitative investing,” he said. AHL has been researching…


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