- Advertisement -
- Advertisement -

Related

Swedish Start-up Welcomes Serge Houles as Advisor

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Artificial intelligence is playing an ever-increasing part in many aspects of our lives. One Swedish start-up, Batonics, is specializing in providing AI-backed analyst functions in illiquid assets, such as real estate. Serge Houles, formerly managing director and chief client officer at IPM Informed Portfolio Management, has joined Batonics as an advisor to spearhead business development and fundraising in the Nordics and beyond.

Relying on the natural language (NL) field of artificial intelligence, Batonics seeks to automate analyst functions in the asset management industry. The firm has developed seven engines for various clients in the real estate sector, including a Monte Carlo simulation for cost-sensitivity analysis and assessing the impact of costs on real estate investment returns. While Batonics has mainly gained traction in real estate and private markets since its launch in 2019, the company is also developing a platform to automate investment analysis and scouting processes for liquid asset classes.

The focus on real estate and private markets was partly influenced by the contact network of the business development team at Batonics. The addition of Serge Houles as an advisor aims to support Batonics in expanding into the more liquid and public markets. “Despite aiming to cover the broad spectrum of asset classes, Batonics has over the past months mainly acquired clients and developed engines on the illiquid assets side of the spectrum, which happens to stand less automated than liquid markets for obvious reasons,” says Ahmed AlNomany, founder of Batonics.

“Serge’s onboarding will help us expand with our AI and automation engines more on the liquid and public side of the market, and inform it with his insider knowledge of pain points in the industry.”

“Given that imbalance, Serge’s onboarding will help us expand with our AI and automation engines more on the liquid and public side of the market, and inform it with his insider knowledge of pain points in the industry,” AlNomany comments on the appointment of Serge Houles as an advisor. “Serge will also have a geographic focus on our home turf of Nordics since most of our client engagements now are Americas based.”

Serge Houles spent over eight years at IPM Informed Portfolio Management (IPM), which ceased all investment activities in 2021 after more than two decades of operation. Houles joined IPM in August of 2013 as Executive Director and Head of Client Portfolio Management, heading the investment strategy team that acted as a bridge between investment research and clients. After his tenure at IPM, Houles has been serving as a consultant at hedge fund firm Balyasny Europe Asset Management, among other roles.

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 Sweden’s Family Office Market: A Natural Match

Both observation and scattered market data suggest that in Sweden, hedge fund investors are predominantly family offices, foundations, and private banks rather than large...

Hedge Funds Pay Off for the State Pension Fund of Finland

Finland’s largest institutional investors remain committed allocators to hedge funds, yet the State Pension Fund of Finland’s (VER) hedge fund allocation stood out as...

Carl Berg to Lead Niam’s Capital Formation Efforts in Sweden

Private markets firm Niam Group has strengthened its Capital Formation and Investor Relations team with the appointment of Carl Berg as Capital Formation Director...

Statistical Outlier Year for HCP Black

When HedgeNordic spoke with Tommi Kemppainen in early 2019, the CEO of Helsinki Capital Partners outlined a defensive positioning for the multi-strategy fund HCP...

Nordea Adds Systematic Fixed Income Expertise

Nordea Asset Management (NAM) has strengthened its data-driven investment capabilities with the addition of two London-based professionals, Lucette Yvernault and Marton Huebler, marking the...

From Short-Term Opportunity to Long-Term Outperformance

Borea Utbytte, a banking sector-focused equity fund under Norwegian boutique Borea Asset Management, celebrated its five-year anniversary at the turn of September to October....

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.