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Alternative Market Briefing

Swedish currency fund Century Analytics AB launches with a focus on machine learning

Friday, October 25, 2019

Bailey McCann, Opalesque New York for New Managers:

2019 has been a rough year for hedge funds. Everything from market volatility to geopolitical headwinds is making it hard for managers to outperform. A new fund - Century Analytics AB - has launched this month and will rely on machine learning techniques to create an edge.

The fund, founded by Hugo Langeen a classically trained musician and high stakes poker player, will use machine learning to trade currencies.

"We describe our trading system as an orchestra," Langeen tells Opalesque New Managers. "But instead of musicians, we have agents that are specialized on specific market information. The agents report back to the conductor, who is a reinforcement learning algorithm, which means he constantly trains against himself and improves his capacity. The conductor is trained to find signals and use them in his own way."

The strategy will look for profitable patterns among currency pairs. Langeen hopes that as the algorithm learns more over time, its trades will get better and better. More managers are turning to machine learning to improve investment performance but it remains unclear how much of it ends up in client portfolios. Century Analytics is opting to put machine learning at the center of its strategy. "We think of ourselves as a diversifier in an investment portfolio. We are specifically suited for investors that are b......................

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