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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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