1 March 2008 00:00
In this, managers’ fiduciary duties would be called on to moderate the money-making focus of investment banks. Such a relationship would give investment banks an opportunity to carve out a wider niche in the retirement savings market, Green added.
Gray also addressed super funds’ development of internal investment management divisions. “This would lead to a further blurring. You will find that the people managing the money will want to go after third-party business as well,” he said.
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The Future Fund’s new position paper is useful for anybody trying to imagine the possible futures of our increasingly wild present, but it is the AI threats that are already emerging that investors should spend their limited attention budget on.
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