H2O Asset Management (H2O AM) has launched Generative Global Macro, an actively-managed discretionary global macro fund that integrates generative AI tools to support behavioural finance analysis and enhance portfolio decision-making.
The new fund builds on H2O AM’s long-standing expertise in top-down macro investing and aims to outperform the ESTER daily rate +2% per year over a recommended three-year investment horizon. It will actively invest across multiple asset classes, including sovereign and corporate bonds, equities, and currencies, with a moderate risk profile (VaR below 10%).
Unlike thematic AI funds, Generative Global Macro does not rely on AI to generate trading signals or portfolio allocations. Instead, it uses two proprietary AI tools—Sensor and Mirror—to augment human decision-making. The Sensor scans vast amounts of external research, publications, and market commentary to highlight dominant themes, potential blind spots, and market consensus dynamics. The Mirror analyses internal macro and market meetings to identify cognitive biases, enriching debate and challenging investment convictions.
“Generative Global Macro represents a natural evolution of our investment approach,” said Timothée Consigny, Head of GenAI Innovation at H2O AM. “These tools complement portfolio managers’ expertise by increasing analytical capabilities and enhancing the quality of internal discussions.”
Vincent Chailley, CIO of H2O AM Group and H2O Monaco SAM, added: “The value of generative AI comes from how our teams use it. Our ambition is to combine rigour, innovation, and human judgement to best serve our clients’ objectives.”
H2O AM established a dedicated generative AI steering committee in October 2025 to oversee governance and ensure responsible deployment of the tools across investment processes.
In the latest Hedgeweek® survey of over 100 allocators globally, macro remains in the second spot of most popular hedge fund strategies.
