Rise of billionaire robots: how algos redefined hedge funds

(Last Updated On: May 15, 2016)
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Rise of billionaire robots: how algos redefined hedge funds

I keep saying the computerized/automated/algo is beating humans so here are some quotes from this article

The guys who are still making money hand over fist are doing so using not their own brains, but computer models. To be specific, they are “quants”, or quantitative hedge fund managers: eight of the ten top earners on Alpha’s list fall into that category, and half of the 25 richest of the year are quants. Either they rely exclusively on computer models to tell them when and what to buy and sell, as Jim Simons at Renaissance Technologies – who holds the distinction of being the only person to appear on the list 15 years running – does, or they use them extensively to guide their decision-making, as does Ray Dalio of Bridgewater Associates.

Last year, David Siegel, cofounder of Two Sigma Investments, one of those quants, announced that one dayno human investment manager will be able to beat the computer”. Siegel, himself a computer scientist, now manages more than $35bn, and qualified for Alpha’s “rich list” for the first time this year. He debuted at No 7 with estimated 2015 earnings of $500m.



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Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs