Quants

The hiring will “reflect the changing nature of fund management,” a company spokeswoman said.

As chief research strategist and portfolio manager at AlphaSimplex, Kathryn Kaminski is involved in the oversight of $6 billion in investment products.

One theory for underperformance has been the long steady gains in markets since the financial crisis.

In today’s age of data and algorithms, the underpinnings of human-led investment philosophies are in question.

The manager is touting momentum stocks even as its own ETF tracking the style suffers its longest outflow streak ever.

The company is considering buying bolt-on units to expand in private credit, real assets and non-U.S. businesses, said PGIM CEO David Hunt.

Outfits like Ken Griffin’s Citadel and Ray Dalio’s Bridgewater have grown so big that they’ve effectively become printing presses for their ultra-rich owners.

The pessimism is especially unusual given that the group’s asset flows haven’t moved opposite the market in more than a decade.

“Recent small reductions in headcount reflect the need to balance our workforce growth with the current needs of our business," the company says.

One uses a factor lens for a twist on the AGG and the other focuses exclusively on investment-grade credit.

The loss erases eight years of earnings since the asset manager went public.

“I admit I’m nervous about how our clients will react,” AQR's Cliff Asness wrote following the worst run in global equities in six years.

The new factor-based products will extend the manager’s focus on data-driven investing.

Indexes typically tracked by the funds are often excessively allocated to Treasurys and mortgage-backed securities.

One VanEck fund had $574 million of outflows, the most since June and almost 40% of its assets.

In light of recent losses, risk models will tell managers to cut their exposure to the factor, which could cause a systematic sell-off.

The planned closures come just months after the firm introduced a lineup of artificial intelligence-driven products.

The quant crowd is justifiably concerned by the lack of objective statistics available.

One thing that excites Dana D’Auria about the industry right now is factor investing, which helped draw her to Symmetry Partners 12 years ago.

A new tool from the firm allows clients to analyze 2,400 equity-mutual funds and ETFs through the lens of factors.