Pictet harnesses AI for new hedge fund launch

Pictet harnesses AI for new hedge fund launch

Geneva-based Pictet Asset Management has launched a global equity market-neutral long/short strategy that harnesses next-generation artificial intelligence for stock selection. The firm  has developed a proprietary stock selection model to forecast returns, whereby, instead of using smart or exotic beta, verified data sets are used to analyse equity markets. The model predicts, with a high

John Nihill, a former Citi exchange rate trader, joined the hedge fund White Elk Partners as manager, learned Financial News. He will be based in Hong Kong and will start in May. White Elk Partners was created in 2023 by Carl Radford, a former manager of Brevan Howard and BlueCrest.