Private Alpha launched a new investment fund in collaboration with the Berenberg Private Bank and Universal Investment at the start of the year. The Private Alpha AI Global Opportunity fund uses AI to reduce risk in stock selection. The fund is managed with the support of an algorithm-based system that monitors 5,000 publicly traded shares.
The new fund is attracting a great deal of interest: a press release reports that the assets under management doubled within six months of the fund being launched, from US$ 5 million to US$ 10 million.
“This sophisticated investment solution optimized by AI risk management is clearly very much in tune with the times,” says CEO Christoph Gum. “Our AI management impresses from a risk-performance standpoint. The new investment solution is a perfect portfolio addition for those investors who are particularly keen on greater certainty.”
Private Alpha is already planning partnerships with major corporations. “We are currently in talks with one of the leading DAX companies to specially design an AI-based investment product for them,” comments Chief Operating Officer Christoph Züllig. According to Private Alpha, other partnerships are currently also in the making in Austria, Germany and Switzerland.