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Artificial Intelligence & Trusts and Trustees: A new dawn of investment opportunities and risks?

Lloyd Brown

Trusts & Trustees, Volume: 31, Issue: 5, Pages: 1 - 6

Swansea University Author: Lloyd Brown

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DOI (Published version): 10.1093/tandt/ttae092

Abstract

This article examines the opportunities and risks that can be created for trusts by generative artificial intelligence. In particular, the work is concerned with how AI investment tools may affect trusts, given their growing use in investment management. It is argued that trusts can be exposed to th...

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Published in: Trusts & Trustees
ISSN: 1363-1780 1752-2110
Published: Oxford University Press (OUP) 2024
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URI: https://cronfa.swan.ac.uk/Record/cronfa68155
first_indexed 2024-11-04T07:37:33Z
last_indexed 2025-01-09T20:32:47Z
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spelling 2024-12-16T13:43:21.3060186 v2 68155 2024-11-04 Artificial Intelligence & Trusts and Trustees: A new dawn of investment opportunities and risks? 786add39c141818cbb959ce7277bbd69 Lloyd Brown Lloyd Brown true false 2024-11-04 HRCL This article examines the opportunities and risks that can be created for trusts by generative artificial intelligence. In particular, the work is concerned with how AI investment tools may affect trusts, given their growing use in investment management. It is argued that trusts can be exposed to the risks and opportunities that this technology may create through the trustees’ general investment power. However, currently, trustees can undertake appropriate risk management by exercising their section 4 and 5 duties relating to investment. The work ends by suggesting that targeted statutory reform and guidance is needed to deal with AI risks. Journal Article Trusts & Trustees 31 5 1 6 Oxford University Press (OUP) 1363-1780 1752-2110 19 11 2024 2024-11-19 10.1093/tandt/ttae092 Review Article. Forthcoming June 2025. COLLEGE NANME Hillary Rodham Clinton Law School COLLEGE CODE HRCL Swansea University SU Library paid the OA fee (TA Institutional Deal) Swansea University 2024-12-16T13:43:21.3060186 2024-11-04T07:36:39.0647966 Faculty of Humanities and Social Sciences Hilary Rodham Clinton School of Law Lloyd Brown 1
title Artificial Intelligence & Trusts and Trustees: A new dawn of investment opportunities and risks?
spellingShingle Artificial Intelligence & Trusts and Trustees: A new dawn of investment opportunities and risks?
Lloyd Brown
title_short Artificial Intelligence & Trusts and Trustees: A new dawn of investment opportunities and risks?
title_full Artificial Intelligence & Trusts and Trustees: A new dawn of investment opportunities and risks?
title_fullStr Artificial Intelligence & Trusts and Trustees: A new dawn of investment opportunities and risks?
title_full_unstemmed Artificial Intelligence & Trusts and Trustees: A new dawn of investment opportunities and risks?
title_sort Artificial Intelligence & Trusts and Trustees: A new dawn of investment opportunities and risks?
author_id_str_mv 786add39c141818cbb959ce7277bbd69
author_id_fullname_str_mv 786add39c141818cbb959ce7277bbd69_***_Lloyd Brown
author Lloyd Brown
author2 Lloyd Brown
format Journal article
container_title Trusts & Trustees
container_volume 31
container_issue 5
container_start_page 1
publishDate 2024
institution Swansea University
issn 1363-1780
1752-2110
doi_str_mv 10.1093/tandt/ttae092
publisher Oxford University Press (OUP)
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str Hilary Rodham Clinton School of Law{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}Hilary Rodham Clinton School of Law
document_store_str 0
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description This article examines the opportunities and risks that can be created for trusts by generative artificial intelligence. In particular, the work is concerned with how AI investment tools may affect trusts, given their growing use in investment management. It is argued that trusts can be exposed to the risks and opportunities that this technology may create through the trustees’ general investment power. However, currently, trustees can undertake appropriate risk management by exercising their section 4 and 5 duties relating to investment. The work ends by suggesting that targeted statutory reform and guidance is needed to deal with AI risks.
published_date 2024-11-19T08:35:59Z
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score 11.123827

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