Asset Management

BlackRock’s ‘robot’ stock-pickers are more of a tweak than a game-changer

The expansion of BlackRock’s quant division is connected to the move to passive strategies

BlackRock’s ‘robot’ stock-pickers are more of a tweak than a game-changer

Robots won’t be compiling your portfolio soon, writes MarketWatch.

The recent news that BlackRock would be overhauling its actively-managed equities business, putting a greater emphasis on computer models rather than human managers, sent a shudder through the heart of stock-pickers, who have already seen their status fall amid a broad industry move to passive management.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached