(Bloomberg) Many quant hedge funds — young and old — are struggling to make money this year. Manoj Narang, who started his hedge fund last year, saw his biggest investor, JPMorgan Chase & Co.’s asset management unit, pull its money. Renaissance Technologies, the world’s most profitable hedge fund, is trailing its benchmark in one fund this year through mid-June. Jaffray Woodriff, who runs Quantitative Investment Management, lost 35 percent in his tactical aggressive fund this year through May.
It’s Been a Rough 2018 for Many Quant Hedge Funds
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