Only recently Seneca's chief investment officer Peter Elston hit the headlines when he poised the question; is a computer going to steal my job as fund manager? Elston pointed to three famous examples in modern history when a computer beat the world's best player in three games; chess in 1996, the Chinese board game'Go' in October 2015 and poker in January this year. His natural question to follow was how long will it be before computers are beating the world's best fund managers? While algorithm trading and quantitative strategies have been around for a numbers of years, the announcement of a completely new AI managed fund, will have done little to appease Elston's fears. Fund management group Sanlam Global Investment Solutions (SGIS) this week announced that its Sanlam Managed Risk Ucits fund is now managed solely by AI, which it claims makes it the first fund in the world that is solely driven by AI.