Apoorva Mehta launches AI-driven hedge fund Abundance

11 articles · Updated · Bloomberg · Apr 24

Abundance, founded by Instacart co-founder Apoorva Mehta in 2025, employs thousands of AI bots to autonomously generate trade ideas and execute stock trades.
The hedge fund replaces traditional portfolio managers with artificial intelligence agents, aiming to leverage advanced quantitative research and engineering expertise for investment decisions.
Abundance is among the few hedge funds pioneering the use of AI to fully automate core investment functions, reflecting a broader trend of technology-driven disruption in the financial sector.

With only 8% of consumers trusting robo-advisors, how can Abundance win over investors?

As AI funds proliferate, how will regulators audit their 'black box' decision-making?

Will AI hedge funds create a new class of systemic risk for global markets?

Can an AI truly replace human intuition in navigating chaotic 'black swan' events?

Who is liable when an autonomous AI trading agent causes massive financial losses?