The hedge fund, run by former JP Morgan traders, is focusing on two currencies - CNY and TRY. : Will volatility continue to rise in 2019? Well an artificial intelligence (AI) hedge fund run by two former derivatives traders from JP Morgan Chase & Co., Ensemble Capital Pte Ltd, is betting that it will. Specifically, the hedge fund, which was set up by former foreign exchange (forex) option traders Damien Loh and Atsuo Ogaki, is focusing on two currencies in particular to make money – China’s yuan (CNY) and the Turkish lira (TRY).