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Russian asset manager building an AI fund manager

Original: cnews

Andrei Rusetsky, investment director at Russian management company Pervaya, says the firm is developing an AI-driven portfolio manager. The announcement, reported alongside tech news outlet CNews coverage, points to growing adoption of artificial intelligence in Russia's asset management industry. The company has not detailed how the AI system will make investment decisions or when clients will see it in practice.

Why now: The claim that an investment firm is automating fund management with AI is novel and raises questions about the future of human money managers.

UK PervayaAndrei RusetskyCNews

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