Institutional Investor (September 19)
“The $556.3 billion California Public Employees’ Retirement System is looking to change the way it invests — and some strategists think the proposed approach could be as game-changing as the Yale Model.” On September 15, “CalPERS CIO Stephen Gilmore formally recommended the state pension adopt the total portfolio approach (TPA) championed by sovereign wealth funds like Singapore’s GIC and Australia’s Future Fund.”
Tags: $556.3 billion, Adopt, Australia, CalPERs, Game changing, Gilmore, Pension, Singapore, Sovereign wealth funds, Strategists, Total portfolio approach, Yale Model
Markets Insider (October 16)
SEC Chair Gary Gensler “has warned that AI could trigger a financial crisis, as Wall Street rushes to adopt the new technology.” He is calling for “AI regulation that addresses both the underlying AI models built by tech companies and how they are used by Wall Street banks, describing it as a ‘cross-regulatory challenge.’”
Tags: Adopt, AI, Banks, Chair, Financial Crisis, Gensler, Models, New technology, Regulation, Rushes, SEC, Trigger, Wall Street, Warned
