BlackRock Bets on Algorithms to Beat The Fund Managers

www.ft.com

BlackRock recently fired some of its fund managers in it's recent shift to computer-based quantitative investing, due to underperformance in its stock-picking business. An increasing trend in the money management industry is the explosion of interest in quantitative investing and artificial intelligence to scour markets and data sets for patterns that can be exploited by trading algorithms - including how it uses Glassdoor reviews as a market factor. 

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