I was looking at the top twenty shareholders of some public companies last week and saw quite a few “quant funds” on those lists.
With the news that Blackrock is going to move much of its asset management business to models and machines, I think we will see more of this in the coming years.
It’s annual meeting season for public companies and all of this made me think about when the AI shows up to your annual shareholder meeting.
Or when the AI gets your proxy and needs to vote for Directors, executive compensation, and the choice of auditors.
Governance is an important part of being a shareholder.
When the shareholders are all machines, how does governance work?
