A hedge fund startup leveraging AI for tasks traditionally performed by analysts has surpassed the global stock market in its first six months, significantly reducing research costs. According to a recent report, Minotaur Capital, based in Sydney, was established by Armina Rosenberg and Thomas Rice. Rosenberg previously managed a global equities portfolio for tech billionaire Mike Cannon-Brookes and led Australian small-company research at JPMorgan Chase & Co. at the age of 25. Rice is a former portfolio manager at Perpetual. The duo's investments in global stocks yielded a remarkable 13.7% return over the six months ending in January, compared to just 6.7% for the MSCI All-Country World Index. Notably, Minotaur operates without any analysts, with Rosenberg highlighting that AI models are significantly faster and more cost-effective. "We're looking at about half the price" when comparing AI costs to a junior analyst's salary, said Rosenberg, who is 37. Minotaur is part of a growing trend of hedge funds exploring innovative methods to enhance returns and reduce expenses through AI, as the technology continues to evolve. However, the long-term effectiveness of AI-driven models in consistently delivering superior returns remains uncertain.

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