July 13, 2023

Clive Eggers Head – Multi Managed Portfolios     _______________________________________________________________________________________________________ The rise of Artificial Intelligence and its impact on Investment Management  As part of GTC Asset Management’s ongoing research into investment strategies, trends, and managers, we have been following developments in the rise of ‘artificial intelligence’ (AI) and particularly its use in the investment management arena.  The concept of AI is not new, indeed one of the most significant research papers, credited with significantly advancing work in this field dates back almost 70 years! (* ‘A Proposal for the Dartmouth Summer Research project on Artificial Intelligence’, J McCarthy, ML Minsky, N Rochester, CE Shannon, 31 August 1955). The recent attention has been driven by the amazing intuitive interactions between users and the latest iteration of these systems (e.g., ChatGPT), particularly in the areas of language and art.  We recently polled... Read More

An in-depth market commentary – detailing global and local investment performance over the quarter – with our Asset Management team – along with industry leaders – diving into the increasing use of ‘Artificial Intelligence’ platforms such as ChatGPT – and related AI technology – and its impact on reporting and investing. Market Overview Q2 2023 The rise of AI and its impact on Investment Management

In-depth market commentary and the Magnificent Eight The quarter ending June 2023 has continued to reflect a challenging global investment market backdrop. Considerable market volatility and uncertainty have endured amid subdued global trade expectations and recessionary fears. Given their concerns about longer-lasting inflation, increasingly restrictive monetary policies from global central banks have kept markets on an uneven footing.  All this necessitates continued caution in portfolio positioning. Over the quarter: Much of the uncertain market rhetoric since the start of the year has been masked by the share price gain of a few global technology companies primarily linked to the artificial intelligence space.  These shares represent a large weighting within global developed market indices and almost fully account for the entirety of the positive dollar-based performance delivered by the S&P500 index over the half year.  The collection of these ‘Magnificent Eight’... Read More