AQR’s Cliff Asness Says AI Has Now Taken Over Parts of His Job
- Quant legend says tech ‘annoyingly better’ at some tasks
- Newfangled tools are delivering tangible gains on Wall Street
Cliff Asness
Photographer: Joe Buglewicz/BloombergThis article is for subscribers only.
AQR Capital Management’s Cliff Asness says the quant firm is actively deploying artificial intelligence — including in the core parts of the investing process that used to be the co-founder’s domain.
The technology is being used to help combine and weight the various investment factors that guide stock picking, thereby steering the nuts and bolts of an allocation method where Asness previously used to issue the final call, he said in an interview on Bloomberg Television on Tuesday.