LONDON (Reuters) – After years of using the internet, satellites, algos and other innovations to mine ‘Big Data’ for that edge over rivals, the world’s biggest investment firm is trialing a gizmo that puts the focus back on humans — its own portfolio managers.
In an world where marginal gains can translate into millions of dollars of returns BlackRock, which manages $6.5 trillion in assets, is betting that healthier, happier fund managers make smarter investment decisions — and wearable smart technology can help optimize their performance.
Fund - Managers - BlackRock - Equities - Rings
Several fund managers from BlackRock’s European equities team now wear smart-tech rings that collate data on their sleep patterns, heart rate and other health indicators, according to three sources at the firm who are familiar with the trial.
The large, black ring is made by Oura, an Finland-based company which describes the $300 ring on its website as “a secret weapon for personal improvement”.
Ring - Managers - Basis - Time - Sources
The ring is worn by managers on a voluntary basis and can be removed at any time, the sources told Reuters.
The ring can gauge how much they have slept, or if they have an elevated heart rate indicating higher stress levels, when making an investment decision, one source said.
Project - Psychologist - BlackRock - Finance - Initiative
The project is managed by a trained psychologist who heads BlackRock’s behavioral finance initiative and aims to help portfolio managers manage stress, sleep patterns and activity levels, according to a source familiar with...
Wake Up To Breaking News!