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Machine-Learning Hedge Fund Voleon Group Returns 7% in 2019

  • Assets rise to $6.5 billion helped by double-digit gain in ‘18
  • Firm founded by ex-D.E. Shaw quants focuses on AI strategies
Key Speakers At The Mobile World Congress Americas
Photographer: Patrick T. Fallon/Bloomberg

Voleon Group, one of the best known machine-learning hedge funds, returned 7% last year in its flagship strategy after drawing inflows on the back of a stellar performance in 2018.

The Berkeley, California-based firm now oversees $6.5 billion overall compared with $5.1 billion in mid-2019, according to people familiar with the matter who asked not to be identified because the information is private.