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AI will revolutionise investing, but machines won’t carry the can

Tokenisation of traditional assets will lead to a boom in on-chain trading, and that in turn opens the door to AI-agentic trading. But there are risks that AI agents may behave in unpredictable ways and, despite the hype surrounding the technology, still produce unexpected investment losses. In these cases, it will typically still be the CIO who bears responsibility – so they’d better understand what their AI agents are up to.

CalPERS touts fixed income wins, gears up for TPA

At the annual review of its fixed income portfolio, CalPERS staff explain how active management, value-add strategies and the hunt for alpha are paying off, with ESG integration giving it a valuable edge and informing it to invest in companies under pressure like Boeing at the right time.