Economics
The Quant Fund Robot Takeover Has Been Postponed
- Lack of ‘dumb money’ and volatility makes strategies stumble
- R&F Capital shutters, Clinton Group down 5.5 percent in 2017
Professional Development for Our Robot Replacements
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For computerized strategies that are supposed to be making people obsolete, quants are looking decidedly human in 2017.
Program-driven hedge funds are stumbling, a promising startup has closed, and once-reliable styles are showing weakening returns. A handful of investment factors, the wiring of smart-beta funds, have gone dormant.