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It’s Been a Rough 2018 for Many Quant Hedge Funds

  • Manoj Narang loses biggest investor after posting losses
  • Woodriff’s QIM tactical fund slumps 35% this year through May
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Why Small Hedge Funds Outperform the Giants

Many quant hedge funds -- young and old -- are struggling to make money this year.

Manoj Narang, who started his hedge fund last year, saw his biggest investor, JPMorgan Chase & Co.’s asset management unit, pull its money. Renaissance Technologies, the world’s most profitable hedge fund, is trailing its benchmark in one fund this year through mid-June. Jaffray Woodriff, who runs Quantitative Investment Management, lost 35 percent in his tactical aggressive fund this year through May.