Rise of the algorithms - Business News The Star Online

Such softwares reduce or totally eliminate the need for human intervention in the investing or trading process that is present in the traditional human discretional approach through fund managers and brokers. CPG is one of the few quant fund operators in Singapore today with total assets under management at slightly below US$100mil (RM434mil). Locally, BIMB Investment Management Bhd, which is a unit of Bank Islam Malaysia Bhd, recently launched its fund using AI technology. Whether or not quant funds outperform the traditional discretionary approach of investing is still very much open to debate.