What impact do you anticipate that AI will have on the funds industry and does the industry underestimate this impact?
AI is expected to enhance efficiency in the funds industry by improving tasks such as data analysis and operational processes. While its impact is widely recognised, its adoption will vary across firms. Over time, AI will gradually replace certain manual tasks, but fund management remains both a science and an art. The analytical aspects may become more automated, while the human judgment and strategic decision-making that define the ‘art’ of investing are likely to remain essential.
Are AI-driven portfolio managers the future of the funds industry?
AI-driven portfolio managers are likely to become more influential in asset management. While AI offers valuable analytical capabilities, its role will likely evolve alongside human expertise rather than replace it entirely. While AI can enhance decision-making, human expertise will remain indispensable, particularly when navigating complex market dynamics and unforeseen events. The most effective approach will likely combine AI’s analytical power with the strategic judgment of experienced investment professionals.
Thomas Romig, head of multi asset portfolio management, Assenagon Asset Management
