Aussie fund managers face machine learning challengesBY KARREN VERGARA | TUESDAY, 25 SEP 2018 12:26PMAustralia's investment management firms lag behind Japan when it comes to using machine learning in investment strategies, a new Bloomberg survey shows. Related News |
Editor's Choice
Iress bets on AI as business transformation moves forward
|Iress is shifting its focus from business simplification to executing an ambitious artificial intelligence (AI)-driven product strategy that will help financial advisers slash work processes by nearly 40%.
Macquarie AM-led consortium finalises Qube takeover
|Macquarie Asset Management (MAM) and a consortium of global investors, including UniSuper and the family office of a Spanish billionaire, have completed their $11.7 billion acquisition of logistics and infrastructure giant Qube Holdings.
Alexis George takes on board appointment
|Former AMP chief executive Alexis George has taken on a new board position, five months after announcing her intention to retire.
CFS launches pension bonus
|Colonial First State (CFS) has launched new retirement solutions offering eligible members a one-off payment when moving from accumulation into retirement.
Videos
Brought to you by ![]()
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Andrew Gregory
CHIEF ADVICE OFFICER
UNISUPER
UNISUPER
After 25 years, Andrew Gregory remains motivated by the impact financial advice can have on Australians' lives. As UniSuper's chief advice officer, he is not slowing down on any of his current ambitions. Matthew Wai writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Hi Karen, as an industry consultant whose sole engagement is to market Machine Learning/AI to the Australian Asset Management community I could not agree more with your comments above and indeed it is concerning. As Australian managers slip further behind their global peers, in the adoption of machine driven technology, the risk is that focus may begin to shift away from the local market towards off-shore hubs where there is rapidly increasing demand for machine driven data analytics and a willingness to pay for the inherent efficiencies therein!
I'd be happy to discuss this issue further with you should you have the time available...
Regards,
David McIntosh