Alphabet’s Hennessy: AI research is king
The chair of Google’s parent told delegates most investment in Silicon Valley today is for artificial intelligence and discussed some of the problems it can solve – and some it has helped create.
Sweden’s FTN focuses on fees and returns in latest procurement
Lower management fees and higher returns defined the latest selection process at the Swedish Fund Selection Agency in its latest awarding of active global equity mandates to 12 managers, its largest and most ambitious €20 billion ($23 billion) procurement so far.
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AI investment ‘must be for all’
Artificial intelligence has the potential to treat diabetes and autism. Investors in the technology should focus on bringing such significant boons into the world, scientist Vivienne Ming said.
Asset owners take charge on fees
New models that better align interests and a commitment to ‘fee principles’ are among the ways investors are getting more value for the expense. Even smaller funds are getting into the act.
PSRS/PEERS wants fees perfectly clear
The $43.6 billion Missouri education pension plan is a leader on transparency and costs, parsing out management and performance expenses in its annual report and negotiating less costly mandates.
UK funds acting on diversity
At the recent #actionsnotwords event in London, executives told of addressing philosophical blindspots, setting up flexible work hours, adding more drivers for recruitment and more.
Santiago Principles turn 10 years old
A decade ago, the Santiago Principles were established, to shape governance of state-owned investors. Voluntary participation and flexibility have been the secret to the guidelines’ longevity.
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