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Alternative Market Briefing

Danish research firm to launch AI-supported global macro hedge fund

Friday, October 25, 2024

B. G., Opalesque Geneva for New Managers:

Andreas Steno Larsen, CEO of Steno Research, will manage the Asgard-Steno Global Macro Hedge Fund (ASGM). This AI-supported macro fund will be launched on December 1st in partnership with Asgard Asset Management, a Danish asset manager.

"This project has been a dream in the making," Andreas Steno says.

Furthermore, "the feedback on our technology has been overwhelmingly positive, with many telling me that what we've built is top-tier. That inspired me to take the next step and launch a fund using these insights," he continues, adding he will invest $2m of his own money in the fund.

"We're launching this hedge fund against the backdrop of macro volatility post the pandemic," he says in a video. "We've seen inflation moving from one extreme to the other over the past 36 months. Our product is designed to navigate such volatile macro environments." Benefiting from see-sawing inflation levels requires the right technology and the right macro models.

Nowcasting combined with AI-supported patter......................

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