Hedge Fund News From HedgeCo.Net

Blame Humans for This Robot Hedge Fund Malfunction

(Bloomberg) If only it could all be blamed on those Cambridge boffins and their robots. GAM Holding AG can’t pin all of its troubles on its bet on a computer-driven hedge fund. The Swiss asset manager warned on Friday that profit would suffer as it wrote off $59 million of goodwill on its $217 million acquisition of Cantab Capital Partners LLP, a trend-following hedge fund it acquired in October 2016.

To read this article:

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply