Level E Capital’s flagship Maya Fund, which uses the latest scientific advances in artificial intelligence to create smart trading algorithms, has formally launched following testing and live trading since April.

“Our aim is to take the latest advances in artificial intelligence, which have already had a positive impact in other fields that deal with complex, non-linear systems, and apply them to investing,” says Sonia Schulenburg, chief executive and founder of Level E Capital, the Edinburgh-based fund management group which operates the Maya fund.

As opposed to simply producing buy or sell commands on underlying securities based on identifying a situation that has been pre-programmed as a trading opportunity, the Maya engine has the ability to independently identify alpha-generating trading opportunities, but can also alter its own decision-making through time in terms of what those alpha-generating opportunities are.

Level E Capital has received significant initial investment from UK fund manager Baillie Gifford – which manages USD105bn in active equity and bond portfolios – and is now attracting the interest of other institutional as well as private clients.