Tag: Hedge funds

Broadridge Financial Solutions' subsidiary, LTX, has launched BondGPT, an AI-powered application, to simplify bond selection and portfolio construction processes. Combining GPT-4 with real-time liquidity info, BondGPT provides timely and accurate data to the regulated financial industry, aiming to increase efficiency for hedge funds, Asset Managers and dealers. Broadridge is working towards more intelligent, efficient trading processes, and BondGPT is just the beginning of their products and services. Earlier this year, they migrated their corporate bond e-trading platform to Amazon Web Services to benefit from security and scalability.

Short-sellers lose billions betting against AI stocks in 2021, with Nvidia leading the way. S3 Partners Research reveals the staggering losses.

Hedge funds are adopting generative AI such as OpenAI's ChatGPT to automate tasks and boost productivity, but it's yet to be a game-changer in investing methods. ChatGPT can follow instructions and create new finance content after being trained on extensive data. Its potential lies in speeding up coding, research, and client communication, as well as automating basic data pattern detection to streamline customer service. Hedge funds like Campbell & Co are using ChatGPT as an assistant to augment human efficiency, and keeping workers in the loop.