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January 27, 2018, 08:54:16 AM |
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In the asset management industry, oligopolistic large banks or financial institutions have dominated for centuries. They collected huge amounts of fees and brought in poor performance. This was done against the backdrop of investors who are real participants in risk, and this is even more true at the very low rates characteristic of the last decade. Consequently, they began to be contested by trading bots, which are very economical. Over the years, algorithms will become smarter and more efficient. They will reduce all these unjustified expensive management fees to more acceptable levels.
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