Latest news with #Aladdin
Time Business News
8 hours ago
- Business
- Time Business News
How Is AI Used in Investment Management?
The world of investment management is changing fast. Nowadays, AI is playing a significant part in the making of decisions, risk management and portfolio building. Big US based companies such as BlackRock, JPMorgan Chase, Goldman Sachs, and Morgan Stanley are making their way. They've already launched their own AI platforms — like BlackRock's Aladdin and JPMorgan's LLM suite — to help make smarter, faster choices. The demand for a reliable FinTech software development company such as Hidden Brains is all-time high. These tools aren't just for big players. More firms are now turning to AI to manage the growing flood of data and stay ahead in the market. In this article, we'll look at how AI is being used in investment management and why it matters for the future. Managing investments today isn't easy. The amount of financial data out there is just too much for people to handle alone. That's where AI is involved. It can swiftly identify patterns, trends and risks that a human might not catch. Data then enables investors to make better, more informed decisions without having to drown in information. AI is already becoming a must-have tool. In 2024, the US AI in the asset management market was valued at $1.65 billion. It's expected to reach a huge $14.17 billion by 2034, growing at a fast pace of 23.99% CAGR over the next decade. Right now, over 90% of US asset managers are already using some form of AI. They even depend on it in areas such as portfolio optimization, risk management and even communications with the clients. In the most basic explanation, AI assists the investment worker to work smart rather than hard. AI isn't just a buzz word in the investment world. It's a tool used in many different ways to make work easier, faster and smarter. From constructing portfolios to identifying risks, AI is supporting companies to be a step ahead in the rate of technology marketplace. Partnering with a FinTech software development company can help you implement artificial intelligence in your asset management solution and make accurate decisions. Let's dive in a little bit more deeply on how AI is being used. A major advantage of AI is that it enhances portfolio management. Artificial intelligence tools are capable of analyzing masses of market data, tendencies, and even the world news to determine the most efficient investment decisions. This is not all speculation, AI employs insights in real time to assist companies in the development of portfolios which compare to various levels of risk and financial objectives. Some companies also work with robo-advisors (Betterment or Wealthfront). The tools save time and limit the number of human errors since they automatically form and tinker investment strategies according to the needs of each client. Another field where AI is leaving a significant impression is risk management. Markets are highly dynamic and they can shift within a second and AI assists in identifying the possible threats before becoming actual issues. AI can be used to analyze past information and current trends by using predictive analytics to alert a firm about potential losses. This allows investment managers to have ample time to change tactics and not to wander into avoidable risks. Artificial intelligence is also useful in real-time monitoring of market fluctuations, thus enabling companies to be ready. When it comes to trading, AI works quicker than any human could possibly do. AI algorithms equipped can understand market signals and historical data to make a smart trade in less than a second. These tools are used to execute trades extremely fast and large in volume, they help companies stay competitive. AI also takes away emotions in trading choices. It is based on facts and trends and not on fear or guesswork that can lead to more accurate results down the line. Preserving investments is as important as increasing investments. AI contributes by monitoring abnormal trends in financial dealings that leads to possible fraud. It can detect suspicious activities in a manner much quicker than conventional systems. AI is equally assisting companies to be current in the compliance regulations. Regulations are repeatedly modified, and with the use of AI tools, updates are tracked so that corporations did not commit a mistake that might result in fines or a court case. It is not only in money management that AI is playing a role since it is also assisting companies get to know their customers better. AI can service clients more personally by observation of their behavioral patterns and preferences. It is easy to see how AI can enhance the experience of clients, whether by providing custom investment advice or, more proactively, by informing them of changes. Clients who can feel understood and supported are more inclined to be loyal to the firm, having the trust. The use of AI in the management of investments is no longer a matter of theory, but it is already being practiced in several of the largest financial establishments. These companies are demonstrating how AI can generate true value both among institutional customers and retail investors. So, what better way to do that than let's take a closer look? The Aladdin investment platform introduced by BlackRock is among the most sophisticated AI-driven investment platforms in the world. Not only BlackRock but other financial institutions use this to monitor risk, portfolio analysis and data-driven investment decisions. Aladdin combines massive amounts of data with machine learning to help investors see potential risks before they happen. It's like having a smart assistant that continuously watches over your investments — quietly, efficiently, and 24/7. JPMorgan Chase has already spent a lot on AI and large language models (LLMs) to improve their approach to trading strategies to customer service. They use AI to analyze market sentiment, predict economic shifts, and even write earnings summaries. The goal? To help their teams — and clients- move faster with better insights. JPMorgan's LLM suite reflects how seriously the bank is taking AI's role in the future of finance. Its Next Best Action platform does not leave behind Morgan Stanley. This AI-assisted working tool enables financial advisors to provide more customized suggestions to their respective customers. When taking into consideration the economic history, aspirations, and even the market transformations of each particular client, the platform can presuppose what an advisor should discuss or present next, which makes the experience seem much more natural and initiative-oriented. Artificial intelligence is rapidly transforming to be a game-changer in investment management. Whether it implies smarter and faster decision-making in companies such as BlackRock and JPMorgan or the possibility to provide common investors with access to automated robots (robo-advisors), AI is not only the future, but the present as well. The rapid adoption of AI in financial institutions, such as banks, is significantly impacting the overall industry and transforming the nature of their business. The technology is only getting bigger; hence, even more personalized, data-led, and efficient investment strategies can be anticipated just about everywhere. TIME BUSINESS NEWS
Perth Now
8 hours ago
- Entertainment
- Perth Now
Beauty and the Beast star on playing Hugh Jackman's role
A Beauty and the Beast musical star says he is honoured to play the role of Gaston, a character brought to life by a young Hugh Jackman in the original Australian production. Jackson Head and the rest of the stellar cast, including Perth's Shubshri Kandiah as Belle, took to the Crown Theatre stage on Thursday night for the musical's debut WA performance. The Brisbane actor channels his inner villain as Gaston, an arrogant and ruthless hunter whose unrequited feelings for Belle make him want to kill the Beast once he learns she loves him instead. It was the role a young Hugh Jackman played in the original show, which opened in 1995 and also starred Rachael Beck, Michael Cormick and the late Bert Newton. Shubshri Kandiah as Belle and Brendan Xavier as Beast. Credit: Daniel Boud 'It's incredible, Hugh is amazing,' he said. 'WA's own (acting product), very cool, great to be on the hallowed turf of Hugh Jackman. 'Gaston is a really cool role and lots of fun, the Gaston-Le Fou dynamic as well is really fun to play with, The charming and charismatic but ultimately dark character has his sidekick, Le Fou, played by Adam Di Martino, with him at all times. Di Martino, who has also starred in the Aladdin musical, said as Gaston's buddy, he was there to 'make sure he's feeling great all the time'. 'It's a pretty fun job because Jackson's a pretty good guy himself, so it's not too bad,' he said. Head responded with: 'I get the privilege of being supported every night.' There are a total of 300 costumes and 119 wigs in the show. Credit: Justin Benson-Cooper / The West Australian The duo take part in a Gaston prodcution number, during which the cast clink their mugs more than 800 times. It's taken a huge team to bring the musical over to Perth from Adelaide with 23 trucks needed to transport the set and a team of 70 spending 15,000 hours to load it all up. After a national tour enchanting more than 1.2 million Aussies in Sydney, Brisbane, Melbourne and Adelaide, Perth is the final stop and last opportunity to see the show in Australia. After the Perth season wraps up, the musical will head to Singapore in December.
Economic Times
18 hours ago
- Business
- Economic Times
Jio BlackRock enters Indian MF market with focus on profitability and growth
Synopsis Jio BlackRock Asset Management, a new entrant in the Indian mutual fund industry, is prioritizing profitability and capturing new market growth over aggressive pricing strategies, unlike Jio's telecom approach. The joint venture aims to offer differentiated products and leverage its tech platform, Aladdin, to reduce costs and provide competitive pricing. Agencies The industry is keeping a close watch to see if Jio BlackRock will undercut rivals in the ultra-competitive mutual fund industry. Mumbai: Jio BlackRock Asset Management, one of the latest high-profile entrants into the Indian mutual fund industry, maybe following a slightly different playbook from group entity Jio's disruptive telecom foray. The 50:50 joint venture between Mukesh Ambani-backed Jio Financial Services and the world's largest asset manager BlackRock, may not be as aggressive on its pricing strategy to grab market share, unlike Jio's sharp discounting that helped it catapult into the big league in and capturing share from new growth in a market that has grown threefold in five years will be some of its mantras. "It is not at all to just capture market share, and profitability will be important and pricing is one of the key points," said Sid Swaminathan, MD and CEO, Jio Blackrock Asset Management, in an exclusive interview with ET. "We know the market is going to grow, we want to help it grow and get a share of the new growth that is coming, rather than capture from existing incumbent players. It's the growth story we are here for," said Swaminathan, who spent close to two decades with BlackRock in various fund management capacities, before relocating to India, about a year fund house is keen to offer differentiated content, value-added products and grow the market rather than grab share from existing players, he said. One of the differentiators Jio BlackRock will bring is its proprietary tech platform Aladdin, which will help in cutting transaction costs. "That allows us some cost engineering which we will pass on to end customer which results in more competitive pricing," said Swaminathan. The industry is keeping a close watch to see if Jio BlackRock will undercut rivals in the ultra-competitive mutual fund Blackrock started operations in India this month with launch of three debt schemes that include overnight, liquid and money market funds that mopped up ₹17,800 crore in early July. There have been talks that Reliance has also invested in the NFO."I don't want to be disclosing those levels of numbers now. Point is they are a large institution. They invest in all MFs right now. We have had 90 different institutions invest, so the breadth we got is very large; it is well diversified to begin with and we continue to add more investors post the NFO," he is expected to soon launch another five index funds, including four equity and one fixed-income fund. While the fund house has started with index funds, it aims to offer the entire range of index and active funds, funds that are driven by data, exchange traded funds (ETFs), specialised investment funds (SIFs) and alternate investment funds (AIFs) over time. While the Indian mutual fund market offers both regular and direct plans, the fund house has started with only direct plans, bypassing mutual fund distributors who sell regular plans and earn a commission. 'There is a growing trend towards digital; people are comfortable doing finances on the phone; we are looking to harness that with a direct digital model and that looks like the right way to start. However, nothing is off the table and as the business grows we will evaluate and take a call,' Swaminathan said. The Indian mutual fund industry, one of the fastest growing globally, has seen assets under management expand threefold in the past five years—to Rs 74.41 lakh crore in June 2025 from Rs 25.5 lakh crore in June 2020. The industry is abuzz with speculation that Jio Blackrock will scale fast and could also look at acquisitions. 'It is too premature to look at acquisitions. We are just getting started. From a strategy perspective we want to be in a situation where we will look at the evolution of the market, how we grow, what we see changing and how we adapt with our funds and distribution. We don't want to rule anything out,' said Swaminathan. 'We want to be a significant player here in the long term, but on the path to that we will get a better idea once we spend more time in the market,' he added
Time of India
18 hours ago
- Business
- Time of India
Jio BlackRock enters Indian MF market with focus on profitability and growth
Mumbai: Jio BlackRock Asset Management , one of the latest high-profile entrants into the Indian mutual fund industry , maybe following a slightly different playbook from group entity Jio's disruptive telecom foray. The 50:50 joint venture between Mukesh Ambani-backed Jio Financial Services and the world's largest asset manager BlackRock, may not be as aggressive on its pricing strategy to grab market share, unlike Jio's sharp discounting that helped it catapult into the big league in telecom. Profitability and capturing share from new growth in a market that has grown threefold in five years will be some of its mantras. Explore courses from Top Institutes in Please select course: Select a Course Category others Product Management Project Management MBA Cybersecurity Leadership Management Digital Marketing Healthcare PGDM Data Science CXO Degree Public Policy Others Data Science healthcare Artificial Intelligence MCA Finance Operations Management Design Thinking Data Analytics Technology Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details "It is not at all to just capture market share, and profitability will be important and pricing is one of the key points," said Sid Swaminathan, MD and CEO, Jio Blackrock Asset Management, in an exclusive interview with ET. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » "We know the market is going to grow, we want to help it grow and get a share of the new growth that is coming, rather than capture from existing incumbent players. It's the growth story we are here for," said Swaminathan, who spent close to two decades with BlackRock in various fund management capacities, before relocating to India, about a year ago. The fund house is keen to offer differentiated content, value-added products and grow the market rather than grab share from existing players, he said. One of the differentiators Jio BlackRock will bring is its proprietary tech platform Aladdin, which will help in cutting transaction costs. "That allows us some cost engineering which we will pass on to end customer which results in more competitive pricing," said Swaminathan. Live Events The industry is keeping a close watch to see if Jio BlackRock will undercut rivals in the ultra-competitive mutual fund industry. Jio Blackrock started operations in India this month with launch of three debt schemes that include overnight, liquid and money market funds that mopped up ₹17,800 crore in early July. There have been talks that Reliance has also invested in the NFO. "I don't want to be disclosing those levels of numbers now. Point is they are a large institution. They invest in all MFs right now. We have had 90 different institutions invest, so the breadth we got is very large; it is well diversified to begin with and we continue to add more investors post the NFO," he said. It is expected to soon launch another five index funds, including four equity and one fixed-income fund. While the fund house has started with index funds, it aims to offer the entire range of index and active funds, funds that are driven by data, exchange traded funds (ETFs), specialised investment funds (SIFs) and alternate investment funds (AIFs) over time. While the Indian mutual fund market offers both regular and direct plans, the fund house has started with only direct plans, bypassing mutual fund distributors who sell regular plans and earn a commission. 'There is a growing trend towards digital; people are comfortable doing finances on the phone; we are looking to harness that with a direct digital model and that looks like the right way to start. However, nothing is off the table and as the business grows we will evaluate and take a call,' Swaminathan said. The Indian mutual fund industry, one of the fastest growing globally, has seen assets under management expand threefold in the past five years—to Rs 74.41 lakh crore in June 2025 from Rs 25.5 lakh crore in June 2020. The industry is abuzz with speculation that Jio Blackrock will scale fast and could also look at acquisitions. 'It is too premature to look at acquisitions. We are just getting started. From a strategy perspective we want to be in a situation where we will look at the evolution of the market, how we grow, what we see changing and how we adapt with our funds and distribution. We don't want to rule anything out,' said Swaminathan. 'We want to be a significant player here in the long term, but on the path to that we will get a better idea once we spend more time in the market,' he added
Time Out
a day ago
- Entertainment
- Time Out
All kids under 18 can see a Broadway show for free next month
Mark your calendars! Kids' Night on Broadway returns this summer on Tuesday, August 19, offering free Broadway tickets for all kids and teens aged 18 or younger when they're accompanied by a full-paying adult. The one-night-only event is one of the city's most beloved annual traditions, encouraging young theatergoers to experience the magic of Broadway without the hefty price tag. (The Great Gatsby will participate with a performance on August 20 instead.) This year, 18 shows are participating: & Juliet, Aladdin, Buena Vista Social Club, Chicago, The Great Gatsby, Hadestown, Hamilton, Harry Potter and the Cursed Child, Hell's Kitchen, John Proctor Is the Villain, The Lion King, Mamma Mia!, MJ The Musical, Moulin Rouge! The Musical, Operation Mincemeat, The Outsiders, Six and Stranger Things: The First Shadow. (And just in case you need some help deciding what to see, here is our list of the best Broadway shows right now.) "New York City is alive during the summer and Kids' Night creates a unique opportunity for families to come to Broadway for an evening of fun,' said Jason Laks, president of The Broadway League, in a statement. 'These 18 extraordinary shows offer something for all ages and allow parents, grandparents, or other family members to introduce younger audiences to live theatre and nurture their love for the arts." Before curtain time, Duffy Square will host a pre-show block party from 4:30pm to 6:15 Aupm, with Broadway cast meet-and-greets, interactive games, prizes and giveaways. The first 500 ticketholders to check in will score a free Krispy Kreme donut and a special KNOB tote bag. Inside participating theaters, audiences can enjoy extra surprises, including cast talkbacks, art projects, sing-alongs and activity guides available for download. The fun doesn't stop at the theater. More than a dozen restaurants across the Theater District will offer free kids' meals with the purchase of an adult entree. Tickets will go on sale later this summer. Families with kids ages 13 and up can sign up for alerts and early access through the Broadway Fan Club. Since launching in 1996, the program has introduced more than 200,000 kids nationwide to Broadway—and August 2025 promises to be one of its biggest celebrations yet.
