Instacart co-founder Apoorva Mehta launches AI-driven hedge fund Abundance

11 articles · Updated · Bloomberg · Apr 24

Mehta, age 39, established Abundance last year with a small team of quantitative researchers, engineers, and AI experts.
The hedge fund employs thousands of artificial intelligence bots to generate trade ideas, conduct research, select stocks, size positions, and execute trades, replacing traditional portfolio managers.
Abundance is among the few hedge funds relying extensively on AI agents for investment decisions, highlighting a growing trend toward automation and technology-driven strategies in asset management.

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