New Hedge Funds Next Year Will Embrace High Tech

The hedge fund industry may be getting one step closer to its robot-guided future.

Seventy percent of new hedge funds that will start next year will include investment processes that use computer models, including artificial intelligence and machine-learning technologies, according to a prediction in a Deloitte report released Thursday. That’s a jump from 47 percent in 2015.

The new technologies process large, alternative data sets and hedge funds have increasingly turned to them to generate higher returns.

Read more on Bloomberg here.