World’s largest SWF says AI will reduce shareholder engagement
The head of Norway’s $1.6 trillion sovereign wealth fund has said the growing influence of artificial intelligence will concentrate influence in the hands of fewer active investors in the coming years.
The CEO of Norges Bank Investment Management (NBIM), Norway’s $1.6 trillion sovereign wealth fund (SWF), predicts that artificial intelligence (AI) will automate more investment mandates, concentrating shareholder power in the hands of fewer, more active owners.
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