Chalk one up for the humans.
Hedge funds that use artificial intelligence and machine learning in their trading process posted the worst month on record in February, according to a Eurekahedge index that’s tracked the industry from 2011. The first equity correction in two years upended their strategies as once-reliable cross-asset correlations shifted.
While computerized programs are feared for their potential to render human traders obsolete, the AI quants lagged behind their...
Hedge Funds That Use AI Just Had Their Worst Month Ever
Chalk one up for the humans.
Hedge funds that use artificial intelligence and machine learning in their trading process posted the worst month on record in February, according to a Eurekahedge index that’s tracked the industry from 2011. The first equity correction in two years upended their strategies as once-reliable cross-asset correlations shifted.
While computerized programs are feared for their potential to render human traders obsolete, the AI quants lagged behind their...