Baillie Gifford to leverage AI for fund performance boost

Targets AI hires if successful

Baillie Gifford is aiming to improve future fund performance via an artificial intelligence project, having hired a former mathematician to assist with the task.

Traditional investment firms have been slower to adopt AI, with techniques like machine learning far more prevalent among hedge funds like Man Group and Winston Capital.  However, Baillie Gifford is looking to use machine learning to boost the performance of its funds, according to the Financial Times, having hired a former mathematician to assist four internal staff from its IT and investment teams focused on the initiative. AllianzGI unveils global artificial intelligence fund The project's goal is to assess whether AI can eliminate simple tasks and thereby free up fund managers'...