Time to speak AI in Asset Management
In May 2022, Allan Sloan, a seven-time winner of the Loeb Award, published the article 'The democratization of investing': Index funds officially overtake active managers, highlighting that for the first time in history, retail investors’ index fund holdings exceed their holdings in actively-managed funds. Outperforming the benchmark, or finding alpha, has been the main purpose of all active managers. However, active managers find it...