Hedge Fund Investors Dump Humans for Computers, Still Lose
Maybe the computers were not programmed right ?
FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!Steve Eisman, portfolio manager at Neuberger Berman, discusses the “massive changes” happening in the Hedge Fund industry. He speaks with Bloomberg’s Guy Johnson on “Bloomberg Surveillance.”
Losses at Leda Braga’s computer-driven hedge fund this year are running at about twice the level suffered by a macro fund run by billionaire Alan Howard. Yet, while Braga has raised money, investors have pulled billions of dollars from Howard’s fund.
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