Predictive analytics and machine learning in finance

As the Future Finance Forum continues into the afternoon of Day 2 at FundForum in Berlin the audience could be lured into thinking they were about to sit through a sober discussion about big data and analytics cutting through the noise of multiple and disparate data points. However, when Luke Ellis, president of one of the world's largest hedge funds, the Man Group, starts the talks saying he is frightened almost every time he gets in a cab in a major city and he can't wait until "every car in every city is a driverless car" it is hard to pay attention to sober Oxford-based researchers showing the audience a better way to read charts and graphs. "I would be much happier having a car driving me," says Ellis. However, taxis aren't the only old world occupation on Ellis' hit list. He went on to say that the Man Group's greatest expense are the "expensive fund managers" inside the building.