Malaysia's EPF says outsources RM114.56b to external portfolio managers
KUALA LUMPUR (April 17): The Employees Provident Fund (EPF) has outsourced a total of RM114.56 billion to external portfolio managers as at Dec 31, 2017, an increase of 9.8 per cent from RM104.37 billion in 2016.
This allocation, invested in both equity and fixed income instruments, represented 14.5 per cent of the EPF’s total investment assets, it said in a statement here today.
NEW YORK: An overhaul of Wall Street's technology and media sectors coincided with the quarterly expiration of futures and options, bringing a burst of volume to trading late on Friday that could continue in the days that follow.
The biggest actual threat faced by humans, when it comes to AI, has nothing to do with robots. It’s biased algorithms. And, like almost everything bad, it disproportionately affects the poor and marginalized. Machine learning algorithms, whether in the form of “AI” or simple shortcuts for sifting through data, are incapable of making rational decisions because they don’t rationalize — they find patterns. That government agencies across the US put them in charge of decisions that profoundly impact the lives of humans, seems incomprehensibly unethical. When an algorithm manages inventory for a grocery store, for example, machine learning helps humans do… This story continues at The Next Web