Link: Hedge fund startup that replaced analysts with AI beats the market

A Sydney-based hedge fund startup, Minotaur Capital, has significantly outperformed the global stock market in its initial six months. Founded by Armina Rosenberg and Thomas Rice, the firm uses artificial intelligence to replace traditional analyst roles.

Rosenberg, a former global equities manager for tech mogul Mike Cannon-Brookes, partnered with Rice, an ex-portfolio manager at Perpetual, to launch Minotaur.

Their innovative approach to investment, focusing on global stocks, yielded a 13.7% return, doubling the MSCI All-Country World Index which stood at 6.7%.

Rosenberg attributes their success to the efficiency of AI models, which are both faster and less costly than human analysts.

At Minotaur, there are no traditional analysts employed, underscoring a shift towards technology-driven financial strategies.

This strategic leverage of AI not only cut down on research costs but also positioned Minotaur at the forefront of modern investment practices. #

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