Hedge Funds

Hedge funds open door to AI despite banks rolling back

A fifth of hedge fund managers believe AI will disrupt portfolio management

Thursday 1 February 2024 at 19:00

Some banks banned ChatGPT, but poll suggests hedge funds want to press ahead
Some banks banned ChatGPT, but poll suggests hedge funds want to press ahead Photo: Getty Images

Hedge funds are rapidly adopting artificial intelligence, and are not scared of letting their staff loose with new tools.

Some 86% of hedge funds have allowed their staff to use some form of generative AI, according to a report from the Alternative Investment Management Association.