Quant Fund That Once Lost 92% of Assets Is Making a Big Comeback
- Jupiter’s GEAR strategy rebounds in redemption story of sorts
- Fund is dialing down pure factors on crowding, volatility risk
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After enduring a 92% collapse in assets during the quant industry’s dark days, a onetime poster child for everything wrong with systematic investing is mounting a comeback.
And the manager of the once-$16 billion equity fund has a message for Wall Street peers hooked on the traditional strategies it once embraced: Ditch the old-school playbook.