AI driven hedge fund up circa 21.53 per cent 2020 YTD
RISE Wealth Technologies, a Munich-based AI investment technology firm – has announced a second month of strong performance for its flagship Volatile Special Opportunities Program (VSOP) strategy.
Up in April by 2.27 per cent and up by 21.83 per cent for the year, VSOP entails a systematic multi-strategy approach in the S&P 500 index volatility market with a real-money track record dating back to July 2016.
The fund is composed of a Balanced Portfolio consisting of S&P 500 futures and treasuries with a duration risk of circa five years. It also trades overlay strategies on situational patterns. While the fund currently has USD30 million AUM, a further USD500 million in capital inflows is expected to be allocated in June.
Stefan Tittel, CEO and Co-Founder, says: “At RISE, we are very much committed to a pure AI focus. The use of machine learning algorithms to generate thousands of possible strategies is paired with a validation process that makes use of machine learning to cull all but the most robust. Importantly, from a performance perspective, what these past two months have demonstrated is VSOP’s ability to generate alpha irrespective of market volatility. Indeed, the case for investors to looking to add non-correlating strategies has never been stronger.”