‘Is Something Broken?’ Factor Quants Left Reeling By 2019 Strife
- Market-neutral hedge funds on course for another bad year
- Funk in value stocks, outflows and bond gyrations all blamed
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Like many of his peers, Georg Elsaesser is trying to calm down his newbie quant clients as choppy stock moves make life difficult for anyone trading factors, which wire up systematic portfolios on Wall Street.
“Some of them are kind of scared,” said the Frankfurt-based fund manager at Invesco. “They’re asking the questions: Is something going wrong? Is something broken?”