The buy side generally has a poor track record of adopting new technologies and artificial intelligence looks to be the latest entry on a long list.
Initially wary of the technology, Man Group was soon persuaded by the returns from algorithm- centric funds.
Techniques and data sets portfolio managers are utilizing to improve performance.
Software that works on Wall Street is changing how business is done and who profits from it.
Artificial intelligence is shaping up as the next industrial revolution, poised to rapidly reinvent business and investing.
As more financial advisors adopt the AI, the technology will help them focus more on asset managment.
Asset managers who can overcome "algorithm aversion" and pair AI strengths with their own will outpace less savvy competitors.
Financial giants and many of the biggest hedge funds are all switching on AI-driven systems that can foresee market trends and make trades better than humans.