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Opalesque Exclusive: Quants say the`ve won the battle
Matthias Knab reports “live” from New York: Over 200 Investors, managers and A LOT of risk managers flocked to Global Capital Acquisition’s “Battle of the Quants” event at the New York midtown University Club yesterday. I am offering some glimpses from the panels.
At a panel moderated by Vera Kaeppler, the former Head of Hedge Funds at Barclays Wealth, Kent Daniel, Ph. D. and Head of Quantitative Equities and Strategies Group at Goldman Sachs mentioned he is “amazed” to see that some of the simpler quantitative strategies “still work”. Joe DeLuca, Managing Director at Highbridge Capital Management said “the key to growth is to set up as many quant teams as possible”, while focusing on liquidity (of the traded instruments) and the availability of data. Pascal Magnollay, Ph.D. and Head of Quantitative Division at DKR Capital added that “sophistication and technology are the keys to success.”
At a panel moderated by Dr. Mark Rzepcynski, Roy Niederhoffer (R.G. Niederhoffer Management) said the biggest risk factor for hedge fund investors is the increased correlation to the main markets like the S&P 500. With the correct design, quantitative models can be created to offer diversification and protection.
Gioel Molinari, President & CEO of ClariFI, said in a panel moderated by MD Sass’ Albert Slawski that “quantitative strategies are now mainstream strategies”, which contributed to the ascent of a whole ...................... To view our full article Click here
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