Man Group, the world’s largest listed hedge fund firm, has developed ManGPT, a new portal that allows anyone in the business to access OpenAI's GPT model in a "safe and controlled fashion", according to a report by Financial News.
The report cites Chief Technology Officer Gary Collier as saying that the firm is looking at leveraging artificial intelligence to assist with idea formation and information management and summarisation.
And while the use of artificial intelligence by Man Group and other hedge fund firms, pre-dates the advent of ChatGPT in December 2022, Collier, who has been with Man Group for more than two years, says the model represents a big advance.
“I am an active user of ManGPT,” he told Financial News. “We’ve been using large language models at Man Group for a long time, but it was clear that the sophistication of the technology represented a large step forward.”
Bond market sell-off prompts uptick in private credit shorts
Hedge funds and other investors are increasing bearish bets against private credit as a prolonged selloff in global bonds raises fresh…
More
Trillion-dollar hedge fund borrowing boom drives Wall Street prime brokerage profits
The rapid expansion of hedge fund borrowing has become a major source of revenue for Wall Street banks, as firms including Citadel,…
More
Rokos up 4.2% in September as macro hedge funds navigate bond rout
Rokos Capital Management gained 4.2% in September as its macro strategy capitalised on volatile global bond markets, lifting the hedge…
More
