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
Play CEO Tapes: ESG - we need to get better at the 'G'

CEO Tapes: ESG - we need to get better at the 'G'

In the second part of our CEO series, we explore the burgeoning ESG concept with fund bosses outlining how they try to make a difference.

Play 'They've done it before': Feeney on Quilter quitters

'They've done it before': Feeney on Quilter quitters

In the second part of our exclusive video interview with Paul Feeney, we hear the Quilter CEO's views on the investment managers leaving the firm, along with his promise to platform users.

Play CEO Tapes: women - ask what's in it for you?

CEO Tapes: women - ask what's in it for you?

In a new CEO series, a revealing film discusses the myth that asset management is a meritocracy and why men tend to be more pushy when it comes to pay rises and promotions.

Read More
Your Business: Cover Star Club

Profile: how millennials and Gulf cash are remaking this private office

Profile: how millennials and Gulf cash are remaking this private office

LJ Partnership is not your typical small family office: straddling four continents, the business boasts an interesting shareholder list.

Wealth Manager on Twitter