(eFinancial) When should hedge funds hire actual human beings to make discretionary investment decisions, and when should they leave those choices to pre-programmed algorithms? A new paper from Campbell Harvey, an academic at Duke University’s Fuqua School of Business and traders at Man AHL (including Sandy Rattray, a former Goldman Sachs managing director in charge of their fundamental strategy group), suggests humans have a place, but so do the algos….
When Hedge Funds Should Hire Humans. When They Shouldn’t
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