(CNBC) Before computers completely take over the hedge-fund industry, they need to overcome one tiny obstacle: investment returns. In the first half of the year, computer-generated strategies, or what they call in the business, systematic strategies, returned 3.17 percent, according to data by Preqin. That compares with the more-traditional discretionary strategy, which returned almost double that, with gains of 5.99 percent. Those results are net of fees.
Human Stock Pickers At Hedge Funds Are Actually Beating Their Computer Competition So Far This Year
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