(Crains Detroit Business) At Michigan State University, it’s out with the old hedge funds and in with the quants. After posting a 4.3 percent loss in its last fiscal year, the university’s endowment is pulling $100 million from four hedge funds and moving the money into computer-driven funds to diversify the portfolio. Half the money will go to a fund run by Renaissance Technologies….
Michigan State Switches To Quants As Hedge Funds Drive Loss
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