The manager of the Japanese Government Pension Investment Fund (GPIF) has warned asset managers are at risk of being replaced by artificial intelligence (AI) in the future.
In an interview with Bloomberg, Hiromichi Mizuno, chief investment officer of the world's largest pension fund, said he believed the impact of artificial intelligence would be the biggest change for the sector over the next five to ten years. This could have a significant impact on the work of asset managers as investors focus on different themes. "I believe artificial intelligence will be able to either replace or enhance the asset managers' work, particularly for short-term trading," he told Bloomberg. "Asset managers have to adjust their conventional business model. Investors wi...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
