"Smart Rings" to improve the performance of the staff of the largest asset management company
BlackRock, the world's largest asset management company, has introduced a new focus on people, especially portfolio managers, which are smart rings that combine data on sleep patterns, heart rate and other health indicators to improve the work of managers. Reuters news agency.
BlackRock, which manages assets worth $ 6.5 trillion, bet that the wealthiest and happiest managers can make smarter investment decisions. Smart technologies that are worn can help improve this performance in a world where marginal gains are in the millions of dollars .
According to three sources familiar with BlackRock, several managers in the company's European equity group are now wearing smart rings that collect data on sleep patterns, heart rate and other health indicators.
Aura's largest black ring, a Finnish company that says on its $ 300 product website, is a "secret weapon for human health."
The ring is being worn voluntarily and can be removed at any time, the sources said. One source explained that the ring can calculate the time spent in sleep, and determine the high heart rate, which may indicate higher pressure levels when making investment decisions.
A source familiar with the project said the project was being run by a psychiatrist who heads a financial behavior initiative at BlackRock and aims to help portfolio managers control stress, sleep patterns and activity levels.
He added that the ring was launched in January and is currently being worn by up to 10 managers, adding that the company may launch it on a larger scale based on the success of the experiment.
BlackRock executives currently use a system called Aladdin that provides them with information on risk management, business tools and analytics that help them make investment decisions.