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John Ameriks, head of Vanguard’s Quantitative Equity Group, explains the rationale behind dataset selection and how the group has been using machine learning.
(Bloomberg) -- Vanguard Group, famous for its old-school investment ethos and reluctance to chase newfangled technologies like crypto, has been quietly using machine learning across several active stock funds with a combined $13 billion under management.Most Read from BloombergKing Charles Treated for Cancer in New Royal Health ScareXi to Discuss China Stocks With Regulators as Rescue Bets BuildWhy NYC Apartment Buildings Are on Sale Now for 50% OffWall Street Snubs China for India in a Historic
Vanguard Group added artificial intelligence to four so-called factor-based funds about a year ago just as the ChatGPT frenzy seized global markets.