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AI In Asset Management Market Size Worth $13.43 Billion by 2027: Grand View Research, Inc.

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The global AI in asset management market size is expected to reach USD 13.43 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 37.1% from 2020 to 2027. Artificial intelligence in asset management refers to the automation of IT assets lifecycles with intuitive workflows and making informed decisions about asset vendors and capacity. Asset and wealth management firms are exploring potential artificial intelligence-based solutions to improve their investment decisions and extract insights out of their historical data. The current landscape of artificial intelligence (AI) applications in asset and investment management includes the management of digital assets and physical assets and investment advisory consumer applications. For instance, The Vanguard Group, Inc., a U.S.-based investment firm, offers the PAS (Personal Advisor Services), which runs on automated algorithms and can potentially prompt customers with investments-related advisories with insights from human advisors.

The COVID-19 outbreak has created significant uncertainties and challenges for the WAM industry. However, this crisis may accelerate certain activities related to the speed of digital transformation and automation as some markets have shown high acceptance towards digital or virtual approaches related to client interaction and distribution. Moreover, key players are leveraging AI and machine learning technologies to improve resilience and enhance productivity. For instance, in April 2020, Exabel, a Norway-based FinTech company that provides an AI platform for active asset managers, announced its partnership with 1010data, Inc., a U.S.-based data provider to the consumer goods, retail, and BFSI industries. Under the agreement, both the companies are working on building COVID-19 impact dashboards, which will derive the information from multiple sets of live debit and credit transaction data. This information is anticipated to provide investors real-time insights into how this pandemic impact consumer spending in grocery and general merchandise, retail, and travel industries across U.S. Furthermore, omnichannel and ecosystem strategies are expected to become embedded within the capital markets sector to maintain restricted social distancing and travel in place.

Key suggestions from the report:

  • Asset management organizations are using natural language processing (NLP) and other AI techniques to recommend optimal actions for specific processes by analyzing voice and text communications
  • NLP associated with machine learning technology helps in incorporating a wide range of sources into press releases, financial reports, retrieving filings, investment models, and social media activity
  • Portfolio construction and optimization is an effective application of AI in asset management as it provides predictive forecasting of long-term price movements
  • In asset management, social media analytics is an emerging trend, which is primarily used for research analyst opinion, market sentiment, influencer, and demography analyses.

Read 100 page research report with ToC on “AI In Asset Management Market Size, Share & Trends Analysis Report By Technology (Machine Learning, NLP), By Deployment Mode, By Application, By Vertical, And Segment Forecasts, 2020 – 2027” at: https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-asset-management-market

The global artificial intelligence in the asset and wealth management industry has been steadily expanding and witnessing substantial transformations due to the fundamental shift in global finance and technology. The noticeable rapid progress in technology in the last two decades has significantly improved the way industry professionals store and process data. The cost of collection and processing of stock market data across verticals has consequently reduced, which has brought new possibilities for improvement in decision-making mechanisms across industries. Analytics is revolutionizing the problem-solving paradigms of the asset management industry by reforming the functioning of some of the dimensions, including client profiling, product recommendations, customer churn, sentiment analysis, and marketing and strategy.

Grand View Research has segmented the global AI in asset management market based on technology, deployment mode, application, vertical, and region:

  • Artificial Intelligence In Asset Management Technology Outlook (Revenue, USD Million, 2016 – 2027)
    • Machine Learning
    • Natural Language Processing (NLP)
    • Others
  • Artificial Intelligence In Asset Management Deployment Mode Outlook (Revenue, USD Million, 2016 – 2027)
    • On-Premises
    • Cloud
  • Artificial Intelligence In Asset Management Application Outlook (Revenue, USD Million, 2016 – 2027)
    • Portfolio Optimization
    • Conversational Platform
    • Risk & Compliance
    • Data Analysis
    • Process Automation
    • Others
  • Artificial Intelligence In Asset Management Vertical Outlook (Revenue, USD Million, 2016 – 2027)
    • BFSI
    • Healthcare
    • Retail & E-commerce
    • Energy & Utilities
    • Media & Entertainment
    • Automotive
    • Others
  • Artificial Intelligence In Asset Management Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
    • Middle East & Africa(MEA)
  • List of Key Players of Artificial Intelligence (AI) In Asset Management Market
    • Amazon Web Services, Inc.
    • BlackRock, Inc.
    • CapitalG
    • Charles Schwab & Co., Inc
    • Genpact
    • Infosys Limited.
    • International Business Machines Corporation
    • IPsoft Inc.
    • Lexalytics
    • Microsoft
    • Narrative Science
    • Next IT Corp.
    • S&P Global
    • Salesforce.com, Inc.

Find more research reports on Next Generation Technologies Industry, by Grand View Research:

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

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Announcement of change in the total number of votes in AB SKF

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GOTHENBURG, Sweden, March 28, 2024 /PRNewswire/ — Due to a conversion of shares from Series A to Series B in accordance with AB SKF’s Articles of Association, the Company confirms the following.

As per 28 March 2024, the Company’s share capital amounts to SEK 1,138,377,670 and the total number of shares amounts to 29,286,933 shares of Series A and 426,064,135 shares of Series B. The number of votes in the Company amounts to 71,893,346.5.

AB SKF does not hold any own shares.

Aktiebolaget SKF
      (publ)

Information in this press release contains information that AB SKF is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication on 28 March 2024 at 08.00 CET.

CONTACT:

For further information, please contact:
PRESS: Carl Bjernstam, Head of Media Relations
tel: 46 31-337 2517; mobile: 46 722-201 893; e-mail: [email protected] 

INVESTOR RELATIONS: Sophie Arnius, Head of Investor Relations
tel: 46 31-337 8072; mobile: 46 705-908 072; [email protected]  

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skf/r/announcement-of-change-in-the-total-number-of-votes-in-ab-skf,c3953982

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20240328 Announcement of change in the total number of votes in AB SKF

 

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Tetragon Financial Group Limited February 2024 Monthly Factsheet

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LONDON, March 28, 2024 /PRNewswire/ — Tetragon has released its Monthly Factsheet for February 2024.

–  Net Asset Value: $ 2,801m
–  Fully Diluted NAV Per Share: $30.93
–  Share Price (TFG NA): $9.60
–  Monthly NAV per share total return: 0.7%
–  Monthly Return on Equity: 0.8%
–  Most recent quarterly dividend: $0.11
–  Dividend yield: 4.6%

Please refer to important disclosures on page three of the Monthly Factsheet.

Please click below to access the Monthly Factsheet.

February 2024 Factsheet 

About Tetragon:

Tetragon is a Guernsey closed-ended investment company. Its non-voting shares are listed on Euronext in Amsterdam, a regulated market of Euronext Amsterdam N.V., and also traded on the Specialist Fund Segment of the Main Market of the London Stock Exchange. Our investment manager is Tetragon Financial Management LP. Find out more at www.tetragoninv.com.

Tetragon’s non-voting shares are subject to restrictions on ownership by U.S. persons and are not intended for European retail investors.

Please see: https://www.tetragoninv.com/shareholders/additional-information.

Tetragon Investor Relations:
Yuko Thomas
[email protected]

Press Inquiries:
Prosek Partners
[email protected]
U.K. +44 20 3890 9193
U.S. +1 212 279 3115

This release does not contain or constitute an offer to sell or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities of Tetragon have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to U.S. persons unless they are registered under applicable law or exempt from registration. Tetragon does not intend to register any portion of its securities in the United States or to conduct a public offer of securities in the United States. In addition, Tetragon has not been and will not be registered under the U.S. Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act. Tetragon is registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act as a collective investment scheme from a designated country.    

 

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XRP Healthcare move forward as one entity for African M&A venture

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DUBAI, UAE, March 28, 2024 /PRNewswire/ — In a bold move to address the challenges of the highly fragmented African healthcare sector, XRP Healthcare is excited to announce the incorporation of XRP Healthcare Africa, in Uganda. This strategic decision marks a significant step towards consolidating healthcare services and streamlining operations across the continent, fostering a more unified and efficient healthcare landscape.

 

XRP Healthcare recognizing the critical need for an integrated healthcare system, has taken decisive action by establishing XRP Healthcare Africa, in Uganda – a fully autonomous entity with a compliant legal structure to operate on the African continent.

This development is a testament to XRP Healthcare’s commitment to creating a sustainable and independent operational framework in Uganda and Africa.

“Our vision for XRP Healthcare Africa is to create a robust and unified healthcare entity that can efficiently address the needs of the African population,” stated CEO/Founder Kain Roomes at XRP Healthcare. “By consolidating our mergers and acquisitions local operations under XRP Healthcare Africa, we are eliminating dependencies on third-party entities such as The Burnratty Investment Group, which will no longer be part of our plans moving forward, but rather we have opted for a fully owned entity such as XRP Healthcare Africa, ensuring a streamlined and cohesive approach towards achieving our M&A goals here in Uganda.”

The Dubai-incorporated arm of XRP Healthcare, established last year in the UAE, will be pivotal in facilitating the organization’s acquisitions across the continent. Additionally, the recent incorporation of XRP Healthcare Africa in Uganda signifies a strategic move to enhance the company’s ability to manage local transactions and operations efficiently, further solidifying its presence and commitment to improving healthcare in Africa.

“Setting up XRP Healthcare Africa in Uganda is a critical step in our strategy to deepen our engagement with local communities,” explained Laban Roomes, Business Development Officer at XRP Healthcare. “This local incorporation allows us to navigate the unique challenges and opportunities within the African healthcare sector more effectively, ensuring that our efforts are closely aligned with the needs of the communities we serve.”

Over the coming weeks and months, XRP Healthcare is poised to share updates and progress on its journey to consolidate the fragmented healthcare sector in Uganda and beyond. This initiative underscores the organization’s dedication to raising funds independently and leveraging its consolidated structure to drive significant improvements in healthcare access, quality, and efficiency across Africa.

“We are thrilled to be streamlining and developing our local operations, now bolstered by an independent legal framework fully aligned with Uganda’s legal system,” said Chairman Whitney Lynn, who has over 45 years of experience in the M&A sector expressed his enthusiasm for the strategic direction of XRP Healthcare and the incorporation of XRP Healthcare Africa, in Uganda.

“The establishment of a cohesive and autonomous entity in Uganda marks a significant milestone in our journey. I’m incredibly excited about the opportunity to reveal our plans and the progress we anticipate in Uganda. This move not only strengthens our commitment to the region but also sets the stage for a transformative impact on healthcare delivery across Africa.”

 

About XRP Healthcare

XRP Healthcare is the first Pharma and Healthcare platform on the XRP Ledger, enabling fast global payments, improving healthcare access in emerging markets, and creating realworld utility by transforming global healthcare through mergers, acquisitions and blockchain.

 

www.xrphealthcare.com

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XRP Healthcare Logo

 

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