- Advertisement -
- Advertisement -

Related

Coeli launches quant macro fund with artificial intelligence

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Coeli Asset Management has launched a new quantitative macro fund called “Prognosis Machines”. The fund uses a unique strategy that is built upon established financial models together with artificial intelligence in order to identify what themes investors prefers when market sentiment is shifting. The fund will be managed by Alex Gioulekas (pictured) who recently joined Coeli Asset Management.

Gioulekas was one of the founding members of Swedish multi-billion hedge fund IPM. After selling his stake in IPM, he spent the last two years building the Prognosis Machines program, the press release states.

In a comment Lukas Lindkvist, Coeli´s CEO, says: “We are proud to be able to offer this new technology to the market. Prognosis Machines launched on November 2, 2015 and has had a very good start in a challenging market environment. We expect the fund offer competitive and uncorrelated returns also going forward and thereby improve the Coeli product offering.”

Alex Gioulekas comments the launch: “Investors need a new strategy that can handle the increasingly changing risk appetite in the market. Fundamental models do not work when risk appetite is low and trend following models have difficulties in environments that are characterized by large swings”,  and continues:

“The solution of Prognosis Machines is to use artificial intelligence to identify what themes or asset classes investors prefer when unforeseen events happen, such as policy mistakes or crisis events, and build the portfolio accordingly.”

 

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Jonathan Furelid
Jonathan Furelid
Jonathan Furelid is editor and hedge fund analyst at HedgeNordic. Having a background allocating institutional portfolios of systematic strategies at CTA-specialist RPM Risk & Portfolio Management, Mr. Furelid’s focus areas include sytematic macro and CTAs. Jonathan can be reached at: jonathan@hedgenordic.com

Latest Articles

Quirky Questions for Dr. Alexander Mende (RPM)

Not every conversation in the hedge fund world needs to revolve around trend signals, Sharpe ratios, or manager due diligence. In HedgeNordic’s ongoing Quirky...

Elementa Tops Swedish Hedge Fund Universe in H1

After celebrating its ten-year anniversary in March, long/short equity fund Elementa closed the first half of 2025 as the best-performing Swedish hedge fund, delivering...

Asgard Winds Down Macro Strategy, Refocuses on Fixed Income

Less than a year after the launch of Asgard-Steno Global Macro Fund – a collaborative effort between macro strategist Andreas Steno Larsen and fixed-income...

Eric Strand’s Green-Gold 60/40 Alternative Roars Back to Life

After a two-and-a-half-year drought, including a rough start to 2025, AuAg Precious Green has taken off in recent months. The fund, Eric Strand’s innovative...

BNY Debuts Tail-Risk Overlay Fund

BNY Investments Newton, the specialist multi-asset and equity management arm of BNY Mellon, has launched the BNY Adaptive Risk Overlay Fund – a tail-hedging...

Taiga Fund Delivers Best First Half Since 2019

Usually operating under the radar, Norwegian long/short equity vehicle Taiga Fund delivered one of its strongest first-half performances to date – its best since...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.