How one hedge-fund manager built his firm to be powered entirely by AI agents
It's a stark example of a growing reality on Wall Street as firms test the benefits and limits of AI in finance and on their employees.
TL;DR
- Hedge-fund manager Brian Kelly's new firm, Bracket22, is powered entirely by agentic artificial intelligence.
- This AI-driven approach has drastically reduced payroll costs, from millions of dollars annually to approximately $30,000-$40,000 per year.
- The firm uses specialized AI agents for tasks such as technical analysis ('Steffi') and quantitative strategies ('Desmond'), with 'Houston' as mission control.
- Kelly believes AI can make human workforces at least ten times more productive, suggesting a model of augmentation rather than just replacement.
- Other Wall Street firms like JPMorgan Chase and Morgan Stanley are also exploring and implementing AI, though some express caution about potential risks to reasoning skills.