“Innovation has also revolutionised the way we do our business. We have no choice but to keep abreast of changes so that we don’t get left behind.”

ISMITZ MATTHEW DE ALWIS, Kenanga Investors Bhd chief executive officer

KUALA LUMPUR: Investment managers in the country are exploring or looking to incorporate innovations in their daily operations as it provides a better platform and the ability to compete within the market space.

While noting that such technologies will automate tasks to improve efficiency and accuracy, Kenanga Investors Bhd (KIB) chief executive officer Ismitz Matthew De Alwis said it could also help investment managers respond in a more relevant and proactive manner to face black swan events.

“Innovation has also revolutionised the way we do our business. We have no choice but to keep abreast of changes so that we don’t get left behind,” he said in an email recently.

De Alwis said Kenanga Global Multi Asset Fund (KGMAF), firstof-its-kind in Malaysia, uses proprietary artificial intelligence (AI) techniques to monitor markets 24 hours daily, identifying patterns in global prices and volumes.

“KGMAF is looking for any general patterns and is not making assumptions that markets mean revert or follow trends.

“This is only possible due to recent advancements in AI that allow systems to more efficiently process very large data sets and make better probabilistic forecasts,” he said.