- Advertisement -
- Advertisement -

CenturyOne Paving the Way for Launch

- Advertisement -

Stockholm (HedgeNordic) – After receiving approval from the Swedish Financial Supervisory Authority to launch CenturyOne – a hedge fund applying machine learning algorithms to the foreign exchange market, Malmö-based Century Analytics is now aiming to roll out the fund with about SEK 100 million in the next couple of months.

Century Analytics, co-founded by Niklas Höjman, Hugo Langéen and Jimmy Carlsson, aims to launch the fund with over €9 in assets under management by targeting capital from institutional investors. CenturyOne has been designed to pick out profitable patterns in the high-volume, low-cost foreign exchange market. As Jimmy Carlsson previously explained HedgeNordic, “we believe market psychology drives prices on numerous occasions, creating inefficiencies that can be exploited systematically.” He emphasized that “there are recurring price patterns that our models are quick to detect and exploit.”

CenturyOne will join the struggling and shrinking universe of currency hedge funds, partly impacted by a lack of volatility in recent years. Volatility picked up during the summer due to growing concerns over an escalating trade war between the United States and China. The Malmö-based fund targets an annual return of 10 percent with expected annual volatility between 8 to 12 percent.

Commenting on the benefits of using artificial intelligence, Hugo Langéen told Bloomberg that “AI is beating humans at increasingly complex tasks and finance is extremely complex,” emphasizing that “it’s only natural that AI is able to identify patterns and relationships that humans aren’t.”

Currently aiming to launch the fund with over €9 million, “based on the interest we’ve seen, domestically and internationally, there’s a great potential for our fund to grow big,” Langéen told Bloomberg. “It would be easy to scale up as we trade on the liquid FX market,” Langéen said. “We’re in a good position. We’re taking in seed capital and paving the way for the launch.”

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

Sissener and Nordea’s Alpha Win UCITS Awards

Stockholm (HedgeNordic) – The Hedge Fund Journal, a monthly magazine focusing on the global hedge fund industry, has published the list of winners at...

Hedge Fund Exposure Pays Off for University Endowment

Stockholm (HedgeNordic) – The endowment fund of Aalto University in Finland edged down 3.5 percent after all fees and costs in 2022 during what...

Banking Turmoil as Buying Opportunity for Utbytte

Stockholm (HedgeNordic) – On Friday March 10, Silicon Valley Bank failed and was taken over by federal regulators after a run on deposits, as...

Accendo Celebrates 15 Years of Active Ownership

Stockholm (HedgeNordic) – Hedge funds are not generally known for their longevity. For the funds that do have a lifespan exceeding ten or 15...

Elo’s Hedge Fund-Focused PM Joined Keva

Stockholm (HedgeNordic) – Annika Luoto, a hedge fund-focused portfolio manager at Finnish pension insurance company Elo, has joined Finland’s largest pension fund – Keva...

Coeli European Among NBIM’s External Managers

Stockholm (HedgeNordic) – Norges Bank Investment Management (NBIM) relies on external equity managers to handle 4.6 percent of the €1.2 trillion Norwegian oil fund’s...


Most Popular This Week


Request for Proposal

- Advertisement -