The world's biggest money manager on Tuesday announced that it would cut more than 40 jobs, replacing some of its human portfolio managers with artificially intelligent, computerized stock - trading algorithms. (fortune.com)
As Bloomberg reports, Gross sees a peak policy rate of 2 %, while the other three big money managers see that rate rising to somewhere between 3 % and 4 %. (learnbonds.com)
It makes them in consultation with big money managers.» (cnbc.com)