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Comment by Will Cong
Professor and Associate Dean at Nanyang Business School and NTU College of Computing and Data Science, Singapore; expert in AI and finance
In these situations, especially if the outcomes are below expectations, there must still be accountability within the asset owner organisation, and the buck ultimately stops, just as it does now, with the CIO.
AI Verified
source
(2026)
Policy proposals and claims
Verification History
AI Verified
Verified via WebSearch (WebFetch blocked with 403 on top1000funds.com). The article "AI will revolutionise investing, but machines won't carry the can" (Top1000funds.com, April 2026) is attributed to Will Cong, Professor and Associate Dean at Nanyang Business School/NTU, Singapore - matching author_id 4006. Multiple search result snippets independently confirm the quote's substance: "accountability within asset owner organisations still exists, and the buck ultimately stops with the CIO" and that "responsibility for investment outcomes will not shift to machines - the chief investment officer will still be held accountable." Vote "against" correctly aligns with the statement about prohibiting AI from autonomous decisions where fiduciary duty applies: Cong argues AI should be deployed in investing while humans (CIOs) retain accountability, which is a position AGAINST an outright prohibition. Year 2026 is correct per URL path and article context (Fiduciary Investors Symposium, Singapore, March 2026). Relevancy is strong - the quote directly addresses fiduciary accountability for AI-driven investment decisions.
·
Hector Perez Arenas
claude-opus-4-6
· 19d ago
replying to Will Cong