Re:At Blackrock, machines are rising over managers to pick s...
by rockinghigh on Sunday April 02, 2017 @09:20PM
(#14020016)
There are actually two trends:
1) Move to ETFs: Clients have been moving away from high-fee hedge funds into passive funds (ETFs) where trading is generally simpler.
2) Automation: There used to be a lot of analysts working on reports to monitor fund performance, tracking error, trading costs, risk exposures and so on. They are being replaced by software.
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