Miro Mitev, the founder of AI-powered SmartWealth Asset Management, says that people are the most important part of successful investing, even when decisions are made automatically. Mitev started the IVAC fund with the goal of getting 14–15% annual returns and $2 billion in assets. He had been working with neural networks since 1997 at the Vienna University of Economics. He has worked for Siemens for 25 years, where he made predictions. This has made him believe that AI can predict financial trends.
The fund made a return of 407.63% over the ten years ending November 1, 2025. This was much higher than the industry’s benchmark of 145.34%. Mitev doesn’t make any changes to the model after it has been trained, saying that dangerous changes can make AI less consistent. Models can predict up to a month in advance, which is better than emotional decisions made by people when the market is optimistic or speculative.
Humans choose the training data, set the parameters, and keep improving the models, which is why they are so important even though they don’t affect runtime. Mitev stresses the importance of accurate data, new inputs, and fighting problems like overfitting or hallucinations through thorough testing. This mixed approach makes sure that AI grows in a reliable way, putting companies like SmartWealth ahead in managing AI assets.
