“TLDR” stands for “too long, didn’t read”. This damning shorthand is what many prospective private equity fund investors think as they skip through fund bumf.
Artificial intelligence programmes suffer no such fatigue. New research from Oxford university’s Saïd Business School claims that robots can spot buying signals in fund documents that human investors ignore.
Limited partners — the external investors that back private equity funds — have a tendency to focus heavily on quantitative data, such as past performance. But Ludovic Phalippou, one of the researchers, says that qualitative factors identified by AI can account for a 25 per cent spread in performance between the highest and lowest terciles in a spread of funds.
您已阅读33%（730字），剩余67%（1493字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。