Four Norwegian mathematicians earned 266 million on robot races last year – DN.no



[ad_1]

In the former business premises of Norsk Hydro in Bygdøy went to the west of Oslo, four Norwegian mathematicians lead the company Intelligent Trading Investment.

Last year, the four earned $ 265.5 million in stocks, bonds and currencies. The record result was achieved with equity of NOK 101.7 million at the beginning of last year, which translates into a return on equity of 262% last year. The result is also an increase of a loss of seven million in 2016.

Result of last year, Intelligent Tradings is definitely the best since its inception in 2002, when the second best year was in 2003 with a profit of 30 million before taxes.

Income Income 12.4 3.1 300%
Operating Profit Income Income Income (ebit) [19659005] 5.3 -3.8 -%
Profit before tax 265.5 -9.1 -%

After-tax The corporation has New Zealand has reached 208 million Norwegian kroner and the entire profit is kept in the company. The owners do not make dividends.

Smart Heads

The company's largest owner is the Managing Director and Chairman of Haakon Børs Lind (46), an industrial economics graduate of NTH (now NTNU) and owner of 73% of the company.

Nest The largest shareholder is Knut Heggland (46), a Børs Linde employee, active in the Norwegian quiz environment and president of the Norwegian Quiz Association, with 22% of the shares

The rest of shares belong to smaller shareholders.

Børs Lind and Hegglund Pål Hermunn Johansen (40), holding a PhD in mathematics at UiO, scored below 2000, according to the Norwegian Chess Association, a very good ranking. Sistemann Per Christian Moan (48) holds a Ph.D. from the University of Cambridge and co-founder of the Exabel Artificial Intelligence Society

Algorithm Based

The company is developing computer programs with advanced algorithms for different financial markets. shares of last year in Norway at a market price of 17.2 million. Abroad, the company held a stake of 81.6 million Norwegian Kroner.

242 million other financial instruments are accounted for, and this inventory recorded an increase in value that generated most of the result last year.

exactly how they earn money:

– We do not want to mention. We have no customers. What we are dealing with is hardly interesting for us, "Børs Lind told Finansavisen in 2014.

Last year, Børs Lind told the newspaper that the company had invested in investments in longer-term equities than previously. Results

Neither Børs Lind nor the others in Intelligent Trading responded to DN questions on Thursday. (Terms)

[ad_2]
Source link