Stockholm (HedgeNordic) – Commodity-focused trend-follower Calculo Capital has received recognition as the “Best AI Commodity Trading Strategy” in Europe, awarded by cfi.co. Headquartered at the Charlottenlund Palace just outside Copenhagen and led by founder Philip Engel Carlsson, Calculo Capital employs a systematic strategy designed to capture smaller, short-term trends within larger trends across commodity markets.
“This distinction is a testament to our comprehensive journey and methodology focused on commodity trading,” Philip Engel Carlsson comments on the recognition. “I extend my gratitude to the dedicated team around Calculo and all those who have contributed to this achievement.” The genesis of Calculo Capital’s strategy traces back to Carlsson’s research and development under the commodity research and software company he founded in 2011. After successfully developing a commodities trading engine and management tool, Carlsson registered Calculo Capital with the Danish FSA as manager of alternative investment funds and subsequently launched Calculo Evolution Fund in 2018.
“This distinction is a testament to our comprehensive journey and methodology focused on commodity trading.”
Calculo Capital’s trend-following fund seeks to capitalize on fluctuating prices of underlying commodities in the futures markets while relying on artificial intelligence to optimize exits and adjust exposure based on historical observations. Calculo’s trend-following strategy trades the most liquid commodities, spanning energy, metals, agricultural commodities and softs such as coffee, cocoa, and sugar, among others. Carlsson advocates for commodities as a crucial element in a well-diversified investment portfolio. According to Carlsson, commodities offer protection against cyclic corrections due to their lack of correlation with traditional investments such as stocks, bonds, and real estate.
Since its launch in August 2018, Calculo Evolution Fund has delivered an annualized return of 3.3 percent with a standard deviation in returns of 6.5 percent and a maximum drawdown of 6.7 percent over more than five years. The fund has shown a correlation of just 0.04 with the MSCI World, a negative correlation of 0.06 with the Vanguard Total Bond Index, and a low 0.26 correlation with the SG CTA Index, highlighting its effectiveness in diversifying a portfolio. In early 2023, Calculo Capital launched a higher-risk, higher-return version of its Calculo Evolution Fund.