AXA Investment Managers has begun using news analysis to help it predict market movements and is in discussions with data analytics companies to further its competitive advantage, according to reports.
The Financial Times said the €679bn fund house is using news articles to better gauge the performance of the companies in which it invests. It is also reportedly trialling a system to monitor news announcements and is in discussions with a San Francisco-based data company to help it beat the market. Time for fund groups to practice what they preach on technology? Jeremy Baskin, chief executive of AXA's quant arm AXA Rosenberg, said the technology for news analysis has become more effective. "What has changed, and this is what is different about the environment that we are in rig...
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