Launches & Closures

Highly-rated Danish Maj Invest team start novel $200m+ AI-based US equity launch


Kurt Kara
One of the biggest and most interesting new hedge fund launches of 2012 looks set to come from the Maj Invest group of Denmark, which has been working on plans for a new long/short equity fund with a novel strategy based on artificial intelligence.

The fund, which has been dubbed sinAI – derived from a broken acronym for ‘stock market investing artificial intelligence’ – is expected to launch in July with assets of some $220 million, boosted by allocations from three pension funds, two foundations and one family office, as well as from