Swedish hedge fund relies on ‘unique’ AI
Volt Capital Management CIO says program helped him position for slump in oil, and for gains in bonds and the dollar
31 May 2020 - 19:30
Stockholm — A Swedish hedge fund called Volt Capital Management has run circles around its own return target by relying on a form of artificial intelligence (AI) it says is unique.
Volt Diversified Alpha Program was created in early 2017 by Jukka Harju, the former head of research at Lynx Asset Management. It has about $30m under management, but this year it has delivered more than double the 10% return target it promised investors. Instead, they have received 24%. In March, when Covid-19 triggered a global sell-off across markets, Volt had a positive return of 12%...
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