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Komfie Manalo, Opalesque Asia: At a certain level of concentration, even so-called "uber quant" Cliff
Asness will still trust human more than a computer in fund management,
said Pratik Sharma, Founder and Managing Director at Atyant Capital at the
latest Opalesque 2017 Miami Roundtable.
He told panelists of the Roundtable that he recently watched a video of
a panel discussion with Cliff Asness and Steve Cohen at the Milken
conference this year and he finds it interesting that Asness, the
founder of $160bn quant shop AQR said that at a certain level of
concentration, he would trust a human more than he would trust a
computer.
Sharma added that in this discussion about active versus passive
management (including index funds, ETFs and smart beta strategies), the
(active) managers that will succeed are those who really address the
three Cs of capacity, concentration and cost.
Hedge fund managers will succeed if they address the "Three Cs" of
cost, capacity, and concentration
When looking at the performance of active managers, investors would now
asking themselves, "Is this really worth it? Is the juice worth the
squeeze? In my view, the managers that will succeed are those who really
address the three Cs of capacity, concentration and cost," he pointed
out.
Sharma explained that there’s a reason you put ...................... To view our full article Click here
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