How Quants at Dimensional Deal With This Year’s Meme-Stock Craze
- Strategist Crill says it’s all about sticking to the process
- Frequent rebalancing reduces risk from pumped-up shares: Crill
Photographer: Chris Delmas/AFP/Getty Images
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Dimensional Fund Advisors, which manages about $637 billion, was one of the first firms to take seminal academic financial research off of the campus and put it to work in the real-world art of managing money.
So how does a head-in-the-books fund manager like that respond now that retail day traders are often in the driver’s seat and the market action sometimes feels more like a frat party than a lecture hall?