China Bond Fund Gains 31% With Robots Running All Day, Every Day – BNN Bloomberg

(Bloomberg) — A Chinese fund manager trounced almost every rival last year, counting on a machine-learning program that never stops running to analyze the country's convertible-bond market. Jia Teng's Zheshang Fengli Strengthen Bond Fund returned 31% in 2021 using an artificial intelligence system that crunches dozens of variables. Developed in-house, the program screens the securities for technical indicators and sell signals like clause-trigger levels. The strategy helped the fund grow its assets under management twenty times over to 4.6 billion yuan ($725 million) in the nine months through September 2021, the latest available data. "The AI system tells us our…