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.
Nicolai Tangen, CEO of the SWF which has $240 billion invested in Asia, believes that AI will increase the size of the passive, rules-based investment universe, leaving a smaller group of engaged investors to influence cor…
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