- Advertisement -
- Advertisement -

Related

AI-Powered Innolab Capital Index Joins the NHX

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Innolab Capital Index A/S, an alternative investment fund based on artificial intelligence managed by Danish management firm Innolab Capital ApS, has been added to the Nordic Hedge Index (NHX). Innolab Capital ApS has recently been granted permission by the Danish FSA to manage alternative funds, with the AI-powered fund targeting professional investors for a minimum investment of €100,000.

An autonomous investment robot named Crys processes and analyses a huge amount of data on a daily basis to predict market movements. Using the predictions generated by Crys, Innolab Capital Index A/S invests in five liquid stock indices: S&P 500, Nasdaq 100, DAX 30, Hang Seng, and Nikkei 225. The fund can be both long or short in any or all of these stock market indices. Danish developer of AI-powered investment models Innolab Technologies A/S spent nearly two years and €1.3 million developing the robot with deep-learning capabilities. All employees and shareholders of Innolab Technology are invested in the fund, hailing their investments as a sign of confidence in the autonomous investment robot.

The alternative investment fund powered by Crys returned 8.9 percent since going live at the beginning of May 2017 through the end of the year and has earned an additional 5.2 percent in the first five months of 2018. Speaking about the future of artificial intelligence in asset management and his team’s objectives, Peter Smedegaard, the CEO of both Innolab Capital ApS and Innolab Technologies, told HedgeNordic that “naturally we see huge potential for AI in asset management and with our experienced team of engineers and quants – who have already worked a year on our next robot – we are convinced our goal of becoming a leading provider of AI driven investment tools in the Nordic region is well on track.”

“Therefore, we also welcome the opportunity to join the NHX and hope to see increased awareness of our fund and AI-powered investments in general,” added Smedegaard about Innolab Capital Index joining the NHX family of funds.

Welcome to the Nordic Hedge Index!

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

Rising Adoption of Quantitative Investment Strategies Among Nordic Investors

From a high-level perspective, there is a clear trend of increasing adoption of quantitative investment strategies (QIS) among Nordic institutional investors, either through the...

EU Plans Stress Test for Hedge Funds and Non-Bank Firms

European regulators are planning a stress test to identify vulnerabilities beyond the traditional banking sector, focusing on less regulated entities such as hedge funds,...

ALCUR Fonder Continues Hiring Spree

Following two earlier additions this year, ALCUR Fonder continues to expand its portfolio management team at a notable pace. The Stockholm-based hedge fund boutique...

Nordic Private Markets Modernize with Data-Centric Trade Lifecycle Automation

By Anders Stengaard Jensen at Indus Valley Partner: In recent years, asset managers in Nordic countries have accelerated efforts to modernize trade operations, particularly...

Norwegian Hedge Fund Industry Sees Major Boost with New Launch

The Swedish and Danish hedge fund industries remain closely matched in size, with Denmark recently edging ahead of Sweden. While still less than half...

Atlant Funds Hold Up in May Despite Mistimed Market Call

Macroeconomic and market forecasts are notoriously difficult, even for experienced hedge fund managers. What matters more than being right, however, is ensuring that incorrect...

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.