Global Asset Managers Lift AI Budgets 50% as 62% Warn of Data Divide
Updated
Updated · South China Morning Post · Jul 30
Global Asset Managers Lift AI Budgets 50% as 62% Warn of Data Divide
3 articles · Updated · South China Morning Post · Jul 30
Summary
A majority of global asset managers plan to raise AI spending by at least 50% over the next year, according to a Clearwater Analytics study of 178 senior executives.
62% of respondents said AI will transform data generation and summarisation, underscoring fears that weak data management could leave firms behind.
58% expect major effects on decision-support systems such as portfolio rebalancing, while 57% pointed to predictive modelling and stress-testing.
Two-thirds said AI tools already handle alternative data effectively, and 62% reported success with multi-agent systems that trigger autonomous actions at set data thresholds.
The survey suggests AI is moving beyond routine automation into harder operational work across hedge funds, private credit and institutional managers in the US, Europe and Asia.