Stay the course and rebalance, it’s not that bad – SSgA

He predicts that many hedge fund managers will close down because they realise it is unlikely they will reach high-water marks, which are designed to allow investors to recover losses without having to pay performance fees until the original targets are reached.

He said that the impact of asset allocation rebalancing by disciplined pension funds would assist the recovery.

“I think we could end the year with the (US share) market at around the level of June or July,” he said.

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Robeco CIO says AI winners and losers will be decided within a year

Asset managers that underestimate the importance of artificial intelligence to their businesses do so at their own peril, according to Anton Eser, global chief investment officer of Robeco, who thinks that many have less than a year to get across the “most important transformation” the industry has seen since the beginning of the index business more than 25 years ago.

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