Hedge funds embrace artificial intelligence, but human touch still needed

There is an “arms race” surrounding artificial intelligence and how hedge funds slice, dice and analyze data sets, Tom Hill, Chairman of Alternative Asset Management, recently pointed out in an Alternative Investment Management Association “Perspectives” report. But hedge funds racing to all embrace the same new technologies, are they headed down a road where they could repeat the past that made certain strategies commonplace? It might be that combining human and computer-based intelligence is what creates truly unique algorithmic strategies. The more well-known an “alternative” investment strategy is, the less value it has. “In the early days of the hedge…