A unit of Ryobi Holdings Co., a bus route operator in rural Japan, is setting up an AI-powered hedge fund specializing in forex to survive a sharp drop in the country’s population outside Tokyo.
Ryobi has enlisted Kyosuke Suzuki, a former currency trader at Societe Generale SA, to set up the fund by the end of the year. The hedge fund, part of Ryobi’s subsidiary, Ryobi Systems Co., will begin investing around the beginning of 2025.