Nov 10 – Wall Street veterans Alex Popa and Charles Erkan are raising capital for a new equity hedge fund that will be run primarily by AI agents and models. According to a statement released on Tuesday, AI Clarity — the inaugural strategy of Poesis, the investment firm the two founded — will open to external clients early next year. Since August, Popa and Erkan have been managing their own money through the strategy. Popa, 46, spent more than 15 years at Capital Group as a portfolio manager of the American Growth Fund; Erkan, 63, oversaw machine learning at Goldman Sachs Group. People familiar with the matter say the two plan to add more strategies and eventually build a multi-strategy fund for institutional investors. Popa and Erkan are expected to manage billions of dollars in assets with fewer than 100 employees, keeping operating costs below those of large multi-strategy funds such as Citadel and Millennium Management. AI Clarity invests in 80 to 100 large U.S.-listed stocks with a target holding period of three years. AI agents use quantitative models to research and select stocks and to determine when to buy and sell; when a potential market downturn is detected, the agents hedge risk by shorting stock indexes. Popa and his team are responsible for setting risk limits and other parameters and for reviewing and approving trades.