As the risk of an AI bubble grows, LPPI's Richard Tomlinson reflects on how the LGPS pool manages and measures AI exposure. In an interview with Top1000funds.com, he also explains how he has been moulding the fund's investment structure to be fit for a post-LGPS reform future.
A geostrategic standoff between the US and China over AI would be “extremely damaging for capital owners” according to the Future Fund, Australia’s A$337 billion ($237 billion) sovereign wealth fund, which outlined four “secular scenarios” around AI and its investment implications.
Australia’s third-largest pension fund Aware Super is taking stock of its investment exposure to AI and the initial analysis suggests at least 15 per cent of the fund’s assets are exposed to the thematic. In a project deep dive, head of investment strategy Michael Winchester says finding the portfolio's true concentration around AI will require looking beyond simple dollar aggregation.
As the use of AI within asset owners evolves, organisations are grappling with the governance question of where the strategy and accountability sit. Darcy Song looks at the treatment of AI organisationally within a number of high-profile funds, including OTPP, AustralianSuper, CPP and Norges Bank.
Next-generation nuclear energy, and the money pouring into it, will truly change the world, according to CIO of Utah Retirement System John Skjervem. It’s a lonely position as the CIO of a public pension fund but one Utah is embracing as it builds out early-stage investments in nuclear energy as part of its alternative energy portfolio. He speaks to Sarah Rundell in an exclusive interview about how investing in transformational energy technologies can be part of prudent investment management.
The pace of change in AI models poses a significant challenge to the due diligence frameworks employed by asset owners, whose own ability to adapt is being outstripped by the technological advancements they’re being asked to assess.
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