“Quants Run Wall Street Now” used to be a common headline in the financial press, but the enthusiasm for high-powered number crunching has faded. International financial companies, the big banks and asset managers have become in a mathematical arms race. They invest into super powerful computers and poach the best mathematicians (quants).
Obviously only the top global financial giants can afford to participate in this arms race – and even they are not always very good at it. ITI Funds has taken a different line: “keep your quantitative strategy simple.”
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