Where is the surprise?quants cover more territory

Friday, March 22, 2019 Francisco 0 Comments

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I see no surprise that the quants will do much better than the discretionary managers. To collect small coins and small fruit nothing better than a machine.

if there is a crisis a new 2008 a big event a whale nothing better than a man with his eyes wide open.

Computers help quants cover more territory. “Diversification means that if you can apply the same idea in many places, as opposed to doing it in one place, you will get smoother returns,” says Ilmanen.
Institutional Investor

From The Mathmatical Investor
Majority of highest-earning hedge fund managers and traders are at quant firms

Here is a synopsis of the results:

Manager	Rank	2017 earnings	Company	Type: Q* or D*
Jim Simons	1	$1.6 B	Renaissance Technologies Corp.	Q
Michael Platt	2	$1.2 B	BlueCrest Capital Management	D
Ray Dalio	3	$870 M	Bridgewater Associates	Q
Ken Griffin	4	$870 M	Citadel LLC	Q
John Overdeck	5	$700 M	Two Sigma Investments	Q
David Siegel	5	$700 M	Two Sigma Investments	Q
Israel Englander	7	$500 M	Millennium Management	Q
Paul Tudor Jones II	7	$500 M	Tudor Investment Corporation	D
David Shaw	7	$500 M	D.E. Shaw & Co., L.P.	Q
Jeffrey Talpins	7	$500 M	Element Capital Management	D
Carl Icahn	11	$480 M	Icahn Capital Management	D
Chase Coleman III	12	$450 M	Tiger Global Management	D
Alan Howard	13	$300 M	Brevan Howard Asset Management	D
Crispin Oley	14	$200 M	Odey Asset Management	D
Greg Jensen	15	$150 M	Bridgewater Associates	Q
Peter Muller	15	$150 M	PDT Partners	Q
Robert Prince	15	$150 M	Bridgewater Associates	Q
Steven Schonfeld	18	$130 M	Schonfeld Group	Q
Peter Brown	19	$100 M	Renaissance Technologies Corp.	Q
Paul Singer	19	$100 M	Elliott Management	D

** Note: D (primarily discretionary) or Q (primarily quantitative) is often hard to determine and not clear-cut. We rely here on some outside commentaries.