Friday, 31 October 2014
Last updated 5 hours ago
Nov 12 2010 | 2:17am ET
The Man Group’s flagship AHL program has engineered a major turnaround this year. And, as befits a quantitative trading system, it did so with new computer programs.
After AHL lost 16% last year, Man introduced the new programs, which have helped it deal with the year’s volatile markets. The new systems limit the fund’s losses during down markets by keeping AHL from following down trends that prove not to be trends at all.
“We’ve increased the diversification of trading models, which has made returns more stable,” AHL CEO Tim Wong told Reuters. “Maybe so of the downward movements would have been sharper” prior to the new programs’ introduction in December.
Instead, AHL has managed a 15% return this year.
Wong said the new programs had been in the works for several years prior to their being put into production late last year.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.