U.S. large caps are edging toward their best year versus the rest of the world since 1997.
With its new tax-optimization product, the firm wants to go beyond offsetting capital gains.
The move marks the latest example of a hedge fund extending into ETFs.
Investors have historically had a hard time measuring the performance of private securities.
Supporters of these platforms fret that too much faith is being put in their prophetic virtues.
The new funds will likely only make sense for investors with sufficiently large capital gains.
These chatbots will spit out the names of investments, emulating famed investors' personalities.
Firms have been meeting a swelling appetite for passive investments with sales of all shapes and sizes.
AI chatbots are being increasingly integrated into day-to-day investment research activities.
Popular defensive strategies have so far done they job they were designed to do.
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