(FT) AI will rewrite the future of the fund management
In this FT opinion piece (Amin Rajan, CEO of Create Research), the author lays-out an easy-to-visualize picture of the fund industry in the near future, including the forces driving change and the types of fund companies which will exist in the future. But will it be AI that unleashes “a winner-take-all dynamic” as the author states?
This much is less convincing, or at least not fully established. In our recruitment experience, fund companies (big and small) are making massive investments in data infrastructure and ML/AI as it touches each part of their organization, but there are also struggles with adoption, impact, and high costs – especially within the front office. If cost is the “North Star” of the industry, will AI be vessel that carries the industry forward? That remains to be seen.
Stay tuned for an original insight piece where we dive into ML/AI talent in the fund industry.