Jun
20
Rise of Robots: Inside the World’s Fastest Growing Hedge Funds
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Quantitative investment funds have record $500 billion assets
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Performance varies, but average quant fund is flat this year
Believe the hype. Quants have never been more popular.
After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc.
In some ways, their meteoric rise is due to the same technological advances that are disrupting most industries. Faster computers and better data has enabled asset managers to automate skills that once were limited to market legends…
Rise of Robots: Inside the World’s Fastest Growing Hedge Funds