- Advertisement -
- Advertisement -

New AI-Powered Fund Ready to Launch

- Advertisement -

Stockholm (HedgeNordic) – A new vehicle powered by artificial intelligence (AI) is making its way into the Nordic hedge fund arena, joining a fast-growing group of AI-driven funds such as FIM Artificial Intelligence and Coeli Prognosis Machines. Innolab Capital Index A/S, a fund established by Danish developer of AI-powered models Innolab Technology A/S, is set to launch as soon as granted permission by the Danish Financial Supervisory Authority (FSA).

An autonomous investment robot dubbed Crys operates as the white matter of Innolab Capital Index, processing and analysing vast amounts of data on a daily basis to predict market movements. Innolab Technology, based in the Copenhagen suburb of Virum, spent nearly two years and €1.3 million developing Crys, a robot with deep-learning capabilities.

Walk-forward results for the trading strategy of Innolab Capital Index show a very profitable outcome; Crys generated a return of 150 percent starting from 2012 according to walk-forward tests. “It has been a tough two years, but now we are more than ready to go out and meet the clients. Crys has been trading live since May 2017 in real market conditions. And the result has been very satisfying, just like the results we saw in the walk forward tests,” Innolab Technology’s founder Peter Smedegaard told Danish publisher AMWatch. The hedge fund powered by Crys has returned 14.8 percent since going live at the beginning of May last year.

As soon as granted permission by the Danish FSA, Innolab Capital Index will target professional investors for a minimum investment of €100,000. The team behind the AI-powered fund aims to amass €27 million in assets under management by the end of 2018.


Picture © abracada – Shutterstock

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

Rhenman Embracing Change Amid an Ever-Changing Healthcare Sector

Stockholm (HedgeNordic) – The largest equity hedge fund in the Nordics with assets under management just shy of $1 billion, the Rhenman healthcare fund,...

Inside Ilmarinen’s Approach to Hedge Fund Allocation

Stockholm (HedgeNordic) – Ilmarinen, in a tight race with Varma as Finland’s largest earnings-related pension insurance company, has emerged as a noteworthy investor in...

Nordic Hedge Fund Industry Report 2024

Stockholm (HedgeNordic) – HedgeNordic’s Nordic Hedge Fund Industry Report kicks off with an analysis of the industry’s performance across different asset size ranges. This...

BlueOrchard’s Climate Insurance PE Fund Edges Toward $100M

Stockholm (HedgeNordic) – BlueOrchard’s private equity fund dedicated to climate insurance has secured commitments of close to $30 million from two new investors, British...

Smooth Sailing in Rough Seas

Stockholm (HedgeNordic) – Gersemi Shipping Fund has emerged as a notable recent addition to the Nordic hedge fund industry. However, the founder and manager...

Absolute Returns in Impact-Screened High-Yield Market

Stockholm (HedgeNordic) – While many high-yield bond investors prioritize avoiding defaults, there is one team in the Nordics that does not shy away from...

Allocator Interviews

Latest Articles

In-Depth: Emerging Markets


Request for Proposal

- Advertisement -