Artificial intelligence will be able to convert its efficiency advantage over human investors into markedly better returns, per a Columbia Business professor with experience in the business of AI investing.
The COAL Act, signed this week by the governor, is expected to lead to $1 billion in divestments from the state’s pension fund.
Factor in risk adjustments and fees, and this fast-growing asset class’s high returns get whittled down, an academic paper finds.
The new investment chief is CIO of the Guardians of New Zealand Superannuation and is expected to start in July.