The technology hasn’t replaced the meaningful research done at Citadel, he said, according to people in attendance, who asked not to be identified as the event was closed to media.
Generative artificial intelligence isn’t helping hedge funds produce market-beating returns and isn’t meaningfully impacting the industry so far, according to billionaire Ken Griffin.
“With GenAI there are clearly ways it enhances productivity, but for uncovering alpha it just falls short,” Griffin, the founder of hedge fund giant Citadel, said Wednesday at the JPMorgan Robin Hood Investors Conference in New York.
