Advisers engage with big data
A survey conducted by alternative investment management group, Man AHL, shows that close to three quarters of advisers believe that machine learning will change investment trends in the immediate future.
The survey, conducted as part of Man AHL's machine learning technology research with the University of Oxford, demonstrated that advisers will continue to move more toward technology-based workings.
A branch of artificial intelligence (AI) - machine learning was becoming increasingly popular as advisers worked to engage with new big data and analytic capabilities.
Man AHL's chief scientist, Dr Anthony Ledford, said: "As more data become available, sophisticated machine learning models enable new patterns that humans can't easily spot."
"The technology is a significant area of research focus and we believe our enhanced focus on Machine Learning will be strongly supportive of the evolution of our quantitative investment strategies."
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.
