02.06.24
Vanguard Quietly Embraces AI in $13 Billion of Quant Stock Funds
by: Justina Lee
Vanguard Group is quietly using artificial intelligence (AI) across several active stock funds with a combined $13 billion under management. The asset manager added AI to four so-called factor-based funds about a year ago. “What we want to do here is represent the process that we believe in, which is a fundamentally driven quant process,” said Scott Rodemer, head of factor-based strategies at Vanguard. “With this kind of multitude of effects that could impact a stock, it lends itself quite naturally to a machine-learning process.”
Read the full article on Bloomberg