Quant-loving Canadian Pension Fund Backs New Hedge Fund

(Reuters) The Canada Pension Plan Investment Board has invested money with hedge fund firm Engineers Gate, its latest bet on so-called “quant” managers whose market bets are guided by elaborate computer algorithms, according to a recent disclosure. CPPIB, which invests more than $200 billion on behalf of current and future Canadian retirees, is one of the largest pools of pension capital in the world….

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