In a world where generative AI has been putting people out of work, it's only natural to wonder just how well it might work at making investment decisions and replacing people in the asset management industry.
However, in an interview with Hedge Fund Alpha, David Nable, managing director of Arcesium, said he doesn't think generative AI will ever replace anyone in the asset management space — including the asset managers themselves.
Additionally, with more and more managers also delving into other kinds of assets like private credit, the needs for more data and data processing power have never...