Morgan Stanley: only 8% of fund managers see better returns from AI

A joint Morgan Stanley and Oliver Wyman report found that just 8% of fund managers report measurable improvements in investment returns from AI adoption. Meanwhile, 55% have integrated AI into at least one part of their investment process and 27% are testing applications.

• 69% of asset managers reported improved operational efficiency from AI
• 49% integrated AI into investment research, 40% into data processing
• Only 13% use AI in portfolio construction and 7% in trade execution
• Just 24% reported reduced costs thanks to AI