(Bloomberg) -- Man Group Plc is expanding the use of algorithms that evaluate risk, pricing and timing in financial markets and learn from their mistakes, according to a person with knowledge of the matter.
The investment firm, which until recently only deployed machine-learning models at its AHL Dimension fund, is now using them on three more money pools, the person said, asking not to be identified because the information is private. The four funds collectively managed $12.7 billion at the end of March. A spokeswoman for Man Group declined to comment.
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