GPIF Selects Sony Computer Science Laboratories, Inc. as Partner to Study AI's Impacts on Asset Management Industry and Potential Applications for Evaluating Asset Managers(Press Release)
November 30, 2017
GPIF Selects Sony Computer Science Laboratories, Inc. as Partner
to Study AI's Impacts on Asset Management Industry and Potential Applications for Evaluating Asset Managers
Government Pension Investment Fund (GPIF) chose Sony Computer Science Laboratories, Inc. (Sony CSL) as a partner to study the impacts of Artificial Intelligence (AI) on asset management. GPIF will explore possibilities on how to utilize AI technologies for the long-term asset management of the pension fund, leveraging the AI expertise of Sony CSL.
- The Scope of the Research Includes:
- ① Analysis of AI's impacts on asset managers' business models and appropriate manager evaluation methodologies reflecting such impacts.
- ② Possible use of AI technologies to reinforce long-term investments, including AI-driven dynamic factor analysis and scenario-based risk management.
- ③ Possible use of AI technologies to reconcile asset manager's explanation of their investment decisions and the actual track of trading data.
<Hiro Mizuno, Executive MD & CIO, GPIF>
Given recent developments in AI technologies, GPIF is increasingly convinced that AI would be able to assist our fund investment operation, from asset allocation to asset manager selection and evaluation processes. GPIF is committed to keeping up with the rapid development of new business models in the asset management industry caused by the adaptation of new technologies such as AI. By partnering with Sony CSL and leveraging their cutting-edge AI research, GPIF aims to stay ahead of the curve to remain capable of fulfilling our fiduciary duty to future generations.
<Hiroaki Kitano, President & CEO, Director of Research, Sony CSL>
The progress of AI technologies, including deep reinforcement learning and generative adversarial networks, has been incredibly significant and it is transforming a broad range of industries. Finance and asset management is no exception. It is noteworthy that GPIF has decided to investigate the ramifications of AI for their mission and how AI can be introduced into their operations. We hope to contribute all that we can to the establishment and implementation of GPIF's AI strategy.