In the first half of the year, computer-generated strategies, or what they call in the business, systematic strategies, returned 3.17 percent, according to data by Preqin. That compares with the more-traditional discretionary strategy, which returned almost double that, with gains of 5.99 percent. Those results are net of fees.I will be an interesting battle going forward. Maybe the idea of AI replacing money manager's is getting ahead of itself. I would love to see these numbers in a down market though. I think a robot will do a good job of selling stocks quickly and not have to worry about bonuses and such.
Wednesday, July 19, 2017
Humans Beating Robots in Stock Picking This Year
Take that Watson and Siri et al.