Silicon Valley Barbarians Are At Wall Street's Gate, Want Blood, And Have A Plan

The barbarians are at the gate of Wall Street. But rather than a mob with pitchforks and torches, these barbarians come armed with laptops and machine learning algorithms. Where will the Silicon Valley crowd attack first? The asset management business is the low hanging fruit, says a Moody’s report titled “The second wave of disruption will be digital.” Amazon, Apple, and Google are already attacking traditional asset managers. [dalio] Active managers rather muted performance and somewhat “passive” response has left them vulnerable The asset management industry is a ripe target for an automated touch. But who is the first target?…