Hedge Fund in Sweden Trounces Return Goal With Rare AI Model
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A Swedish hedge fund called Volt Capital Management AB has run circles around its own return target by relying on a form of artificial intelligence it says is unique.
Volt Diversified Alpha Program was created in early 2017 by Jukka Harju, a former researcher at Lynx Asset Management. It only has about $30 million under management, but this year it’s delivered more than double the 10% return target it promised investors. Instead, they’ve received 24%. In March, when Covid-19 triggered a global selloff across markets, Volt had a positive return of 12%.