As sovereign investors rapidly embrace data as the new oil, artificial intelligence (AI) can be perceived as the refineries. SWFI reported earlier that both the Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC Private Limited are in a race to construct cutting-edge quantitative investment operations. Sovereign funds have been allocating to quant hedge funds like Citadel, Point72 Management, D.E. Shaw, Two Sigma Investments, and others for quite some time, and believe they can replicate those strategies internally, saving mounds of cash on exorbitant fees.
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