Nov
02
Hedge Fund Clients Dump Humans for Computers and Still Lose
By-
Funds using mathematical models raise $21 billion this year
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Investors seeking out good performance in tough times
Losses at Leda Braga’s computer-driven hedge fund this year are running at about twice the level suffered by a macro fund run by billionaire Alan Howard. Yet, while Braga has raised money, investors have pulled billions of dollars from Howard’s fund.
The divergence is a sign of the sweeping changes underway in the $3 trillion global hedge fund industry, where investors are shunning flesh and blood traders and putting their faith, and hard cash, in algorithms to bet on macro economic trends…
Hedge Fund Clients Dump Humans for Computers and Still Lose
