Quants

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.

Following criticism for its faulty 2016 election algorithms, the firm appointed a new research director to collaborate with its quants and money managers.

The recent plunge raised suspicions that quants had caused or exacerbated the sell-off.

The division expects annual net inflows of 3% to 5% of AUM in the medium term.

The startup aims to work with exchanges, over-the-counter venues and fund accountants as digital currencies gain more mainstream acceptance.

The rule’s impact could be “devastating if independent research ceases or is significantly diminished,” the manager warns.

One alternative tactic, though expensive, includes buying put options on equities or an index, according to the team.

Most of the firm’s reticence has come down to a marketing debate.

The company is evaluating ways to package both its quantitative and active strategies into the funds, according to a person familiar with the matter.

After spending a week holed up with several dozen employees in a New York hotel, the $1.4 billion hedge fund manager returned to Florida with a new focus.

USAA Capital held over $513 million in market value of the Wall Street giant’s large-cap, emerging market and international ActiveBeta funds.