City Of London
Computer-Driven Hedge Funds Surge Ahead Amid Chaotic Markets
- Several funds head for record year due to rates and inflation
- Investors piling in as a way to shelter from market shocks
Customers queue outside a currency exchange bureau in London.
Photographer: Chris J Ratcliffe/Getty Images
This article is for subscribers only.
A $200 billion corner of the hedge funds industry dominated by computer-driven algorithms has been making the most of wild swings in global markets, putting many of those funds on course for a record year of gains.
Aspect Capital’s Diversified Programme returned 5.2% last month to bolster its gains for this year to nearly 44%, according to an investor document. Tulip Trend Fund rose more than 58% through September, while the Lynx fund was up in excess of 45%, according to updates on their websites.