EUKLID’S Artificial Intelligence is Successfully Navigating the COVID Financial Crisis
28th May 2020
During the Covid-19 crisis, the majority of financial operators have been hit by heavy losses. As reported by the Financial Times, the first quarter of 2020 will remain in history as one of the worst for the Hedge Fund industry. This was further demonstrated by the negative performance of the HFRX Equity Hedge Fund Index.
Nonetheless, during this challenging period, Level39 member Euklid delivered positive results thanks to its cutting-edge algorithms, based on complex equations combining classical physics, quantum mechanics and psychology and supported by artificial intelligence systems capable of recognizing patterns, micro-patterns and anomalies.
Euklid has created a lot of interest among institutional investors due to its extremely low risk profile and because it has outperformed the benchmarks in this period of high volatility.
Euklid’s core technology comprises 200 extremely advanced algorithms, specifically developed to analyse and make investment decisions on each of the 60 American and European blue chips in its portfolio.
Euklid’s Fund, entirely guided by algorithms and completely transparent thanks to blockchain technology, was launched in August 2018. Euklid is currently finalizing additional agreements with top tier financial institutions and is on track to reach an AUM of $100 million by the end of 2020.
Euklid is also enthusiastic about its latest project in development, an AI-driven biotech Fund which will be launched next year.