<\/p>\n
In just three to five years, hedge funds could have fleets of artificial intelligence bots helping them research and trade hundreds of stocks, according to hedge fund founder Divya Nettimi.<\/p>\n
This could take the form of an AI agent that monitors data around a given stock and relays back to traders what it thinks is relevant and what is just noise, said Nettimi, whose Avala Global hedge fund manages $2 billion.<\/p>\n
\u201cI could see a world where an analyst who previously covered 20 stocks could cover 200, because they are maybe managing a fleet of agents that look at all these stocks and track them,\u201d Nettimi said.<\/p>\n
These would help a fund tackle a far greater number of \u201ctop of funnel ideas\u201d and more accurately pick the best 15 to 20 ideas for stocks to hold in a given year, Nettimi said in a panel discussion at the Bloomberg Invest conference in New York Tuesday.<\/p>\n
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The productivity increase \u201cis not going to be marginal; I think it\u2019s going to be an order of magnitude,\u201d Nettimi said. \u201cIt\u2019s not just that people will be a little bit more efficient in what they do; I think there\u2019s going to be entirely new workflows that come of this.\u201d<\/p>\n
The comments come as hedge funds, along with many other industries, grapple with how to keep up with the rapid pace of AI technological advancements and sort through ways to integrate it into their business processes.<\/p>\n
Nettimi\u2019s Avala has developed its own firm-wide AI model, which it uses as a core input, Bloomberg previously reported. Her previous employer, Viking Global Investors, has its own VikingGPT chatbot to help traders bat around trade ideas.\u00a0<\/p>\n
Lone Pine Capital\u2019s co-chief investment officer, Kelly Granat, said at the conference that AI technology will elevate investing judgment, because it can \u201ccommoditise the base layer of what we do.\u201d<\/p>\n
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Long-short equity hedge fund Lone Pine, which manages $19.5 billion, said it\u2019s \u201cvery easy to get siloed\u201d as an analyst in the sectors they cover, Granat said. She thinks that having a standardised tool set enabled by AI \u201cwill be super helpful in people being able to pick up someone else\u2019s work and say, \u2018I totally get this because it\u2019s in the same vocabulary that I do with myself\u2019,\u201d she added.<\/p>\n
Still, neither thinks the machines will take over anytime soon.<\/p>\n
\u201cReading a management team the right way, knowing what questions to ask, how you put the mosaic together, all of your quantitative and qualitative data points, the investment judgment and the pattern recognition you\u2019ve gained from decades of experience\u201d still matter, Nettimi said. \u201cAnd I think that\u2019s all harder to replace.\u201d<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#Hedge #funds #eye #bots #track #hundreds #stocks<\/p>\n","protected":false},"excerpt":{"rendered":"
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