[Wall Street Veterans Launch AI Hedge Fund, Investment Decisions to be Primarily Handled by Artificial Intelligence] BlockBeats reported on November 10th that Wall Street veterans Alex Popper and Charles Elkann are raising funds for a new stock hedge fund primarily operated by artificial intelligence agents and models. According to a statement released Tuesday, their investment firm Poesis's first strategy, AI Clarity, will open to external clients early next year. Popper and Elkann have been managing their own funds in this strategy since August. Popper, 46, worked at Capital Group for over 15 years, serving as a portfolio manager for its U.S. growth fund. Elkann, 63, was in charge of machine learning at Goldman Sachs. According to sources familiar with the matter, the pair plans to expand the strategy, eventually creating a multi-strategy fund for institutional investors. Popper and Elkann could manage billions of dollars with fewer than 100 employees, making its operating costs lower than massive multi-strategy funds like Citadel and Millennium Management. AI Clarity invests in 80 to 100 large-cap U.S.-listed stocks with a target holding period of three years. AI agents use quantitative models to research and select stocks, and decide when to buy and sell. When the agents detect a potential market downturn, they hedge risk by shorting stock indices. Popper and his team set risk limits and other parameters, review and approve the trades.