Month: November 2019

Hedge Fund Manager Engineering His Own Obsolescence

Muhammed Yesilhark is this close to turning things over to 40 electronic versions of himself. The quantitative backlash continues apace. Now, it’s the quants themselves throwing cold water on the idea that Ray Dalio’s principled robots will soon rule the asset management industry—and with it, the earth. Winton, a $30.6 billion hedge fund that’s used algorithms to trade for two decades, …