Hedge Funds That Use AI Just Had Their Worst Month Ever
- Machine-learning funds ‘played big role’ in correction: JPM
- Correlation between AI funds, CTAs has risen in past year
Artificial Intelligence Is Not All That Smart
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Chalk one up for the humans.
Hedge funds that use artificial intelligence and machine learning in their trading process posted the worst month on record in February, according to a Eurekahedge index that’s tracked the industry from 2011. The first equity correction in two years upended their strategies as once-reliable cross-asset correlations shifted.