Asia Tech Wire (July 2) -- Bridgewater Associates has launched a new fund that uses machine learning as the primary basis for decision-making, according to Bloomberg.

The fund debuted with nearly $2 billion from more than six clients and began trading on Monday, the report said, citing people familiar with the matter.

Greg Jensen, Bridgewater's co-chief investment officer, will manage the new fund, the people said.

The report stated that Bridgewater has been testing the strategy since the end of last year, utilizing a small portion of its Pure Alpha fund (about $100 million) to make sure the technology works.