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May 25, 2021
You are here: Home / World Economic Forum / AI won’t replace investment managers, but it could improve returns
AI won’t replace investment managers, but it could improve returns
(Credit: Unsplash)
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.
Author: Stefan Dunatov, Executive Vice-President, Investment Strategy and Risk, British Columbia Investment Management Corporation
AI is set to revolutionize the pensions and savings industry with the size of the global AI asset management market expected to be worth $13.5 billion within the next six years.
The role of AI in index investing will have the knock-on effect of improving asset owner and manager decisions by focusing on working with assets over longer time horizons.
Dutch manager APG forms joint venture to help ABP invest in Chilean forests
Dutch manager APG forms joint venture to help ABP invest in Chilean forests
Bloomberg
Dutch pensions provider APG formed a joint venture on behalf of its largest pension fund client to invest in forests in Chile.
On behalf of the €495.3 billion ($603.3 billion) ABP, Heerlen, Netherlands, APG formed the company with British Columbia Investment Management Corp. and South American investment bank BTG Pactual s timber investment group. BCI has C$171.3 billion ($141.9 billion) in AUM.
The new venture will invest $385.5 million in forestry in Chile, owning more than 80,000 hectares of Chilean forest across three regions. The company will be the third-largest wood producer in Chile, separate news releases by APG and ABP said. The forests contribute to the conservation of biodiversity and they are managed to take into account the social and economic well-being of workers and local communities.