Morgan Stanley and Oliver Wyman Report on AI Adoption in Asset Management

Morgan Stanley and Oliver Wyman published a joint research report examining the adoption of artificial intelligence in the global asset management industry. The report found that 55% of asset managers have integrated AI into at least one part of their investment process, but only 8% reported measurable improvements in investment returns. While 69% of asset managers reported improved operational efficiency, the use of AI remains limited in core areas such as portfolio construction.

The findings highlight a gap between the increasing use of AI technology and its ability to translate into better financial returns for investors. The benefits observed so far are primarily related to operational efficiency and research capabilities, rather than widespread cost reduction or improved investment performance.