Private equity investors see savings in AI

Unigestion, Schroders using machine learning to avoid ‘obvious losers’ among private equity firms

Funds of funds in private equity have started using intelligent algorithms to narrow down the targets they consider investing in, taking a lead from how some of those funds pick their own investments. 

In the coming months, the fund-of-funds unit at Swiss asset manager Unigestion will begin using a machine learning algorithm to pick about 400 funds for the firm to look at more closely from the wider universe of about 1,500.

“The aim is to deselect the obvious losers”, saving time wasted on