(Forbes) Last year, while the average hedge fund was losing money and several prominent hedge funds were getting clobbered by the markets, David Siegel got on a stage at a conference attended by investment professionals and declared that “eventually the time will come that no human investment manager will be able to beat the computer.”
A computer scientist by training, Siegel is the co-founder of Two Sigma Investments, a data-driven New York hedge fund firm using mathematical formulas and computer algorithims that has made him a billionaire.
