(Reuters) Big computer-driven hedge funds such as AQR Capital Management, Aspect Capital and Two Sigma lost money in the first seven months of 2017, with human stock-pickers making better returns. The average hedge fund made 4.8 percent from the start of the year to July 31, Hedge Fund Research data shows, but a lack of market direction, June’s sharp reversal and low volatility has made trading more difficult for automated funds. “Trend-followers are looking for long, drawn-out, directional moves and look to ride that trend as long as possible,” Tom Wrobel, Director of Alternative Investments Consulting at Societe Generale, said.
Computer Error? Top Trend Following Hedge Funds Lose Out In 2017
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