More than nine in 10 (or 92 percent) of alternative fund managers are already using AI as part of risk and compliance procedures, according to new research from Ocorian, a company specializing in regulation and compliance services for funds, corporates, capital markets and private clients.
The international study among senior leaders and senior compliance and risk executives at alternative fund manager firms, which collectively manage around $132.25 billion in assets under management, found that of those who already use AI as part of its risk and compliance procedures one in 10 (11 percent) started doing so more than two years ago. More than half (55 percent) started two years ago, and 24 percent started between one and two years ago.
Ocorian’s global study reveals that of those who don’t already use AI, 71 percent say that they intend to start using AI within its risk and compliance functions within the next six months.
There are a number of areas in which
