Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Japanese $500bn giant launches AI deep learning fund

Japanese $500bn giant launches AI deep learning fund

Japan-based fund giant Asset Management One has launched an artificially intelligent (AI), 'deep learning' strategy.

A spokesperson declined to disclose costs, saying charges for the fund would be made available to institutional investors 'upon request'.

The AI Deep Learning Global Equity fund will be run by Junichiro Tobita, using the company's proprietary tech to select a portfolio of global equities.

The term deep learning is used to describe a form of artificial intelligence capable of extremely complex pattern recognition.

The area has rapidly become one of the buzziest subsets of AI due to recent advances in the range of inputs it is able to analyse, with McKinsey last year predicting successful early adopters could boost revenues by up to 9%. 

Japanese pension specialist Asset Management One, which has $503 billion in assets, said its algorithm ‘uses a model which mimics the human brain to learn from past events and analyse data, covering over 10,000 companies globally with twenty years of data.’

The firm’s senior product manager for Europe, Middle East & Africa Serge Kasai, said the fund is part of a ‘third generation’ of AI investing and marks the continuation of a growth drive in the region.

‘Because the deep learning model takes positions based purely on what it has learned without any biases or emotions, it provides investors with additional alpha opportunities, different from active or traditional quant investment,’ he said.

‘We believe this unique strategy can function as an effective diversification tool for investors.’

The launch comes after Asset Management One opened two Japan-focused funds for EMEA investors earlier this year, and a multi-cap Japanese equity fund last year.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
2 Comments Play Liam Halligan: the eurozone is about to implode

Liam Halligan: the eurozone is about to implode

The economist and broadcaster told the Citywire Private Office Retreat he believes a potential implosion of the eurozone is the biggest threat markets face today.

1 Comment Play James Anderson: my great fear and hope for the next 10 years

James Anderson: my great fear and hope for the next 10 years

Co-manager of Scottish Mortgage Trust says the financial world has not changed since the banking crisis but predicts the next decade will bring unprecedented upheaval in all areas of the market.

1 Comment Play What wealth managers told clients the day Lehmans went bust

What wealth managers told clients the day Lehmans went bust

We asked wealth managers to go back in time at Citywire North as the 10-year anniversary of the Lehmans collapse approached.

Read More
Your Business: Cover Star Club

Profile: UBS' new UK boss on her plans to win wealth

Profile: UBS' new UK boss on her plans to win wealth

UBS’s wealth arm might be the fourth biggest in the UK, but it still has only 4% of the market share, says incoming boss Eva Lindholm

Wealth Manager on Twitter