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Top Quant Analyst Rebukes the Industry: ‘I’m No Longer a Quant’

  • Fraser Jenkins loses faith in backtests in the new Covid world
  • Quants are underperforming fundamental managers this year

One of the most famous quant analysts on Wall Street has launched a stinging industry rebuke as the pandemic thrashes systematic trades anew.

Inigo Fraser Jenkins is ratcheting up his critique of rules-based allocation methods, calling them out for being over-reliant on backtests, diversification and mean reversion.