Tag: COP26

Arabesque has launched what it claims is the “world’s first fully AI-powered portfolio manager that emulates the human decision-making process”, to deliver actively-managed sustainability strategies. AutoCIO runs through Google Cloud, forecasting the performance of 25,000 stocks using artificial intelligence. “As new data is inputted, the AI Engine re-learns what is driving stock returns and aims to improve over time, removing human biases and reducing the potential for errors,” Arabesque said in a statement. The German asset management and ESG data house added that AutoCIO was already underpinning $400m of investment strategies, but did not disclose further details on its clients or mandates. 

UK pension funds Railpen and Tesco Pension Investment, and Denmark’s AP Pension are among 12 new asset owners to join the Paris Aligned Investment Initiative’s Net Zero Asset Owner Commitment. The group, run by the Institutional Investor Group on …