Carey Olsen advises Sanctum FI LLP on launch of an Artificial Intelligence-powered investment fund

Press Release from Carey Olsen, Friday 19 April, 2024. 

Carey Olsen has advised investment services firm Sanctum FI LLP (“Sanctum”), the investment manager of Financial Science Holdings Limited (“FSHL”), a newly established closed-ended investment scheme based in Guernsey.

FSHL aims to generate long-term capital growth through a diversified portfolio primarily consisting of equity securities and bonds. The investment strategy focuses on enhanced investment performance at low cost through evolving machine learning algorithms. The core algorithmic engine applies machine learning to a wide range of fundamental, price and other data to select undervalued stocks and bonds across a risk adjusted portfolio.

These algorithms are designed to determine a regularly updated portfolio structure and identify and select the component percentage compositions of (primarily stock and bond) securities to optimise compounding long term capital growth for investors. The machine learning algorithms originated from extensive research and development into algorithmic trading using artificial intelligence with very large processing capabilities.

12 February 2024

ASIA: Kuwait and UAE Sign Landmark Agreement to Prevent Double Taxation and Tax Evasion

In a significant move towards strengthening financial ties, Kuwait and the UAE have signed an agreement to prevent double taxation and tax evasion. The pact, signed at the 8th Arab Public Finance Forum

Read More
20 April 2024

UK: AML warning as hundreds of agents hit with HMRC fines

An anti-money laundering (AML) expert has queried why there is a reluctance among estate agents to accept and follow AML responsibilities. It comes as HMRC figures showed more than 200 estate agency

Read More
14 November 2024

EU: Taxes Accounted For 40% of GDP In European Union In 2023

The total ratio of taxes and social contributions to GDP in the European Union in 2023 was 40%, down from 40.7% in the previous year, according to the EU Statistical Office. In the euro area, this figure

Read More
8 November 2024

PORTUGAL: Portugal adopts Pillar Two rules

Portugal has now implemented the EU Minimum Tax Directive, introducing into domestic legislation a global minimum tax of 15% for large-scale multinational and domestic groups.The legislation includes

Read More