Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information.
Wednesday, 7 December 2016
Last updated 29 min ago
Nov 29 2012 | 12:11pm ET
Quantitative hedge funds are in danger of suffering one of their worst-ever years.
While the average hedge fund has suffered a simply below-average year, some of the industry's biggest black boxes are doing much, much worse. Aspect Capital is down 11.7% through Nov. 21, the Financial Times reports, while Highbridge Capital Management's quantitative commodities fund is down 10% through October.
Others aren't doing much better: Renaissance Technologies' Institutional Futures Fund has lost 6.1% this year through mid-November. Winton Capital's flagship is down 5.65% through Tuesday, and BlueCrest Capital Management's BlueTrend fund plummeted into the red last month with a 5.3% drop. It is now down 3.1% on the year.
Indeed, one knows things are bad when Man Group's troubled AHL strategy is a bright spot for quants, down just 2.8% through Nov. 19.