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Rise of Robots: Inside the World's Fastest Growing Hedge Funds

  • Quantitative investment funds have record $500 billion assets
  • Performance varies, but average quant fund is flat this year

Believe the hype. Quants have never been more popular.

After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc.