How AI is changing funds management: Schroders CIO
Schroders has been exploring building investment teams without analysts, and instead using AI to assist portfolio managers.
The rise of artificial intelligence and its threat to existing jobs is not lost on Schroders group chief investment officer Johanna Kyrklund, who, after all, has pondered the demise of her own role.
Speaking at Morningstar’s Investment Conference on Tuesday, Kyrklund said the $1.43 trillion fund manager was exploring a world where investment teams could be comprised of two to three portfolio managers plus an AI entity.
In April last year, Schroders made its in-house AI tool Genie available to all employees to drive productivity. Kyrklund noted that it was created in-house for security reasons.
Apart from the obvious productivity gains AI brings to fund managers including meeting minutes, video translations and getting a quick analysis of central bank speeches, Schroders is using AI to generate alpha.
