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Alternative Market Briefing

Opalesque Roundup: Investors shift assets as quants start dominating hedge funds: hedge fund news, week 27

Monday, July 03, 2017

In the week ending 30 June 2017, in FinTech, the 2017 Hedge Fund 100, Institutional Investor's Alpha's 16th-annual ranking of the world's 100-largest hedge funds by assets is dominated by quants. Quantitative hedge funds all saw their assets grew last year, dominating the sector. These funds are looking to machine learning and crowdsourcing to gain competitive advantage. Hedge funds using vast amounts of data, computing power, and machine-learning techniques to make money are drawing more investor attention: A new report by Barclays showed that 54% of investors will allocate money to equity quant in 2017, compared with 48% last year and 38% in 2015.

On the development side, Nomura Asset Management and Nomura Research Institute said that they have conducted a proof of concept study to examine natural language processing utilizing AI. However, the crowded quant trades are proving to be a headache for an UBS hedge fund picker. Meanwhile, Maneesh Shanbhag said that the smart beta exchange-traded fund you just bought may not have been the wisest idea.

Pine River is planning to spinoff nearly $2bn in bond-trading bond in January making it one of the biggest hedge fund launches next year; Giles Coppel is prepping his own hedge fund with $200m backing from Brevan Howard; Marc, Oliver and Alexander Samwer have thrown their suppor......................

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