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`Warren in a Box' to Pick Stocks for First Nordic AI Fund

  • FIM is launching the first Nordic AI investment fund on Monday
  • AI to pick 50 stocks based on decades of financial data
Trading Inside Amsterdam Stock Exchange As Friendly Dutch Regulator Lures Traders
Photographer: Jasper Juinen/Bloomberg
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Finnish fund manager FIM is introducing the first investment fund in the Nordic region, where a self-learning algorithm gets to pick all the stocks.

Targeting returns of 3 percentage points above the MSCI World Index, the FIM Artificial Intelligence fund seeks to tease out patterns even an experienced fund manager may not detect, according to Chief Investment Officer Eelis Hein, who oversees 5.6 billion euros ($6.6 billion) in investments at FIM Asset Management.