Brevan Howard, after hiring Karim-Patrick Khiar in the spring of 2017 as Head Data Strategist, two months ago made him the Head of AI Driven Systematic Investments… this marks an increasing push by (Alternative) Asset Managers to implement AI in the investment process, once big data is organized effectively.
BH, founded in 2002, is one of the leading global macro absolute return hedge fund managers. The group has 200+ employees with offices in London, New York, Geneva, Jersey, Hong Kong, Washington and Singapore.
Of course, this can also backfire, as it did for Credit Suisse when the team to do just that decided to walk out and start a boutique AI investment shop. Either way, asset managers need to prepare themselves, strategically, and tactically.