Rodney Sullivan

The Mayo Center's Rodney Sullivan and Matthew Wey argue that hedge funds' ability to generate alpha has changed since 2008. Once delivering outperformance of 3.7% annually on average, these investment vehicles now struggle to beat a comparable traditional portfolio, leading investors to question whether their relatively high fees remain justified.

Companies' heavy investment in artificial intelligence is driving up overall tech spending. This trend could potentially ignite a boom in worker productivity as firms harness AI's potential. Rodney Sullivan, executive director for the Mayo Center of Asset Management, discusses the significance of this development and its implications for investors.