Schroders has launched an artificial intelligence tool which will allow it to take investment analysis "to a new level".
The firm's specialist private markets business, Schroders Capital, unveiled its Generative AI Investment Analyst platform yesterday (June 26).
It is hoped the tool will speed up the analysis of large volumes of data.
The company said this will free up private equity investment specialists to focus on "delivering value through strategic investment activity to further support our clients’ investment needs".
Nils Rode, chief investment officer at Schroders Capital, said: "This proprietary platform will elevate our investment analysis to a new level, enabling our team to make faster and even more informed investment decisions and to focus on higher-value activities.
"The implementation of GAiiA showcases our commitment to innovation and leveraging technology to deliver superior client outcomes."
Schroders said the platform will be monitored by humans and is currently being used by Schroders Capital’s private equity team for private equity direct/co-investments.
It anticipates it could become a key part of the investment process by enabling specialists to automatically screen large volumes of data.
Graham Taylor, head of private assets data insights added: "Schroders envisions a future where AI tools become an integral part of the investment process.
"We are committed to driving innovation and embracing technology to deliver exceptional value to our clients across asset classes.”
tara.o'connor@ft.com
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