Stock pickers face scrapheap as investors turn to algorithms
Actively managed funds are losing out to computerised investment strategies
US fund giant will use machines, not humans, to pick stocks
The world’s largest fund manager, BlackRock, is placing its trust in algorithms
General Electric to sell lending unit for $12bn
Sale is largest for GE since sale of $26.5bn in assets to Blackstone and Wells Fargo in April
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