Enterprising Investor Feifei Li: AI in Investment Research
Jul 15, 2024
Feifei Li, Chief Investment Officer at Kavout Algo Financial and former CIO at Research Affiliates, delves into the revolutionary role of AI in investment research. She discusses her transition from academia to asset management and the shift towards retail investors during the pandemic. Feifei highlights the capabilities of InvestGPT, an AI-driven research assistant, and its impact on automating tedious tasks. She also explores the fusion of AI with ESG metrics for tailored investment strategies, underscoring the balance between automation and human insight in the decision-making process.
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Career Path From Academia To CIO
- Fei-Fei Li described her career from Tsinghua to a PhD at UCLA and joining Research Affiliates where she applied academic finance to real portfolios.
- She recalled growing with Research Affiliates from its startup days to becoming CIO of equity strategies managing billions.
Pandemic Changed Market Dynamics
- Fei-Fei Li argued that pandemic-driven retail participation changed market dynamics and lengthened cycles.
- She warned pure value investors may miss opportunities when cycles become prolonged and retail-driven.
InvestGPT As An AI Research Assistant
- InvestGPT is an AI-based research assistant that gathers information and helps form portfolio analysis.
- Fei-Fei positioned it as a productivity tool that digests vast data into actionable analysis.