- Advertisement -
- Advertisement -

FIM Launches Nordic AI-Powered Fund

- Advertisement -

Stockholm (HedgeNordic) – Finnish asset manager FIM launches a Nordic fund powered entirely by artificial intelligence. FIM is one of a handful of global asset managers tapping into the growing use of AI in the asset management industry.

FIM Artificial Intelligence uses AI and machine learning to identify causal relationships in global equity markets that humans cannot detect. Much of the value of artificial intelligence comes from identifying patterns that humans would miss by crunching vast amounts of data. Although AI systems are initially designed by humans, they are then able to “learn” and adapt to changing circumstances on their own.

“Eventually many tasks that are currently being handled by humans will be performed using artificial intelligence. We believe that artificial intelligence will be used increasingly in portfolio management,” Teri Heilala, CEO of FIM Asset Management, was quoted as saying in a press release.

Unsurprisingly, the AI-powered fund is anticipated to generate significant interest in the investment community, particularly among institutional investors. The new fund will be presented on November 16th at an event organised by FIM in cooperation with Technology Academy Finland. The sale of fund units will commence later this year.

The interest in systematic algorithmic investing has ballooned in recent years, whereas the appetite for more traditional mutual and hedge funds has somewhat faded away. Considering that AI-powered systems are particularly good learners, the potential for these systems to unearth strategies that increase returns and decrease risk will likely to generate increasing interest from asset managers going forward.

Picture (c): violetkaipa—shutterstock.com

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

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Nordic Hedge Funds Sustain Momentum

Stockholm (HedgeNordic) – Following its strongest first quarter in 15 years, the Nordic hedge fund industry sustained momentum into April. As reflected by the...

The Hands-On Approach of NCI Advisory in Debt Investing

Stockholm (HedgeNordic) – With over 45 years of expertise in structured finance and debt asset management, Jørgen Beuchert has dedicated the last 15 years...

Hedge Fund Journal: Calculo Best in Commodity Trend Following

Stockholm (HedgeNordic) – Calculo Evolution Fund, a pure commodity trend-follower based in Denmark, has been recognized as the “Best Performing Commodity Trend Follower” over...

SRV’s Multi-Pillar Fixed-Income Strategy

Stockholm (HedgeNordic) – Despite Danish mortgage bonds being widely regarded as almost risk-free, occasional spikes in risk aversion trigger significant spread widening versus government...

DBi Pioneers Cost-Efficient Access to CTA Performance

Stockholm (HedgeNordic) – Trend-following CTAs or managed futures vehicles are often seen as effective diversifiers within investment portfolios, exhibiting limited correlation to equity and...

Swiss Bank Eyes Global Equities Through Quant and Options Overlay Funds

Stockholm (HedgeNordic) – A Swiss private bank is seeking to allocate a minimum of €20 million to a fund specializing in global equities through...

Allocator Interviews

Latest Articles

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -