According to CoinMeta, Wall Street veterans Alex Popa and Charles Elkan are raising funds for a new equity hedge fund that is primarily operated by artificial intelligence agents and models. According to a statement on Tuesday, the first strategy of their investment company Poesis, AI Clarity, will be open to external clients at the beginning of next year. Popa and Elkan have been managing their own funds within this strategy since August. Popa has worked at Capital Group for over 15 years and was previously the portfolio manager of its US Growth Fund, while Elkan was responsible for machine learning at Goldman Sachs Group. The fund plans to eventually create a multi-strategy fund for institutional investors, AI Clarity, which will invest in 80 to 100 large US-listed stocks with a target holding period of three years. AI uses quantitative models to research and select stocks, and decides when to buy and sell them.