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.
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”.
The ring is worn by managers on a…
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