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Panel to discuss technology and hedge funds

Craig Bridgewater: AIMA executive committee chairman

Technology is set to have a major impact on the hedge fund industry, a global survey due to be unveiled next week has revealed.

The news came in advance of a panel discussion on the survey findings to be hosted next Wednesday by the Bermuda branch of the Alternative Investment Management Association, with professional services firm KPMG.

The survey showed that hedge fund managers are investing more in technology in a bid to win competitive advantage, and to address regulatory and operational issues.

A total of 58 per cent of respondents said that artificial intelligence and machine learning would have a “medium to high” impact on the business over the next five years.

And nearly three-quarters of those surveyed believed automated trading technologies will have at least some impact on hedge fund returns over the same time frame.

A massive 90 per cent of hedge fund managers said they were at present investing in technology to boost controls and compliance, while front office technology was described as “innovative” by 33 per cent of managers.

More than three-quarters — 78 per cent — predicted that technology would provide enhanced reporting, while 58 per cent expected it to boost transparency.

Craig Bridgewater, head of investments at KPMG on the island, will be joined for the panel discussion at the Hamilton Princess by Stuart Lacey, founder and CEO of financial technology firm Trunomi Ltd and president and of SHL Capital, Nathalie Rushe, principal at Rushe Capital Advisors and Chris Eaton, senior manager, cybersecurity at KPMG.