Photographer: Christophe Archambault/AFP via Getty Images

This Hedge Fund Topped Rivals With Mix of Algorithms and 16th-Century Theory

  • First Quadrant-run fund jumps 9.6% in past year, beating peers
  • Firm model is inspired by concept of purchasing power parity

The market turbulence leading investors to flee hedge funds around the world is providing a measure of vindication for one asset manager.

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