Get Ready Wall Street, Google And Amazon Are Coming

Hiromichi Mizuno, now in his third year as chief investment officer of Japan’s Government Pension Investment Fund, the world’s biggest manager of retirement savings, thinks dramatic changes are ahead for asset managers. While the headlines blare “World’s Biggest Asset Manager Says AI Will Replace Asset Managers,” Mizuno’s own preference for incorporating ESG, or environmental, social and governance factors in the pension fund’s investments, point to a human touch – a decision not likely made by computers. In the future computers, artificial intelligence and human asset managers will more tightly integrate with one another — and “Wall Street” may be confronted by…