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Marks Says Quant Investing Is a `Fringe Activity' at This Point

Bloomberg business news
Howard Marks, co-chairman at Oaktree Capital, discusses investing with humans compared to robots.(Source: Bloomberg)

Oaktree Capital Group LLC Co-Chairman Howard Marks said quantitative investing isn’t a replacement for the judgment of the best stock pickers.

“Some firms are doing it well,” Marks said in an interview with Bloomberg Television’s Erik Schatzker on Wednesday. “But it’s only a fringe activity.”