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Schonfeld CEO flags AI threat to hedge fund data jobs

hedgeweek

5 months ago

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Ryan Tolkin, CEO of multi-strategy hedge fund Schonfeld Strategic Advisors, has suggested that artificial intelligence could largely replace traditional data analyst roles within the industry, according to a report by eFinancial Careers
Speaking on the Generating Alpha podcast, Tolkin noted that tasks such as organising and processing large datasets – once the core of many junior analyst roles – can now be completed far more efficiently through AI.
“We have tons of people today who used to spend...

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