Discretionary Managers
topic on 1 show · 3 statements across 3 episodes
3 statements about Discretionary Managers, every show
Fagan: Systematic quant managers are less 'black box' than emotional human investors
“If anything, I would make the argument that you can actually get more comfortable with certain quant managers than you can
With most discretionary ones for the obvious reason that they adhere to clear systematic processes.
The real black box is the human inves…”
Bisserier: 2020 quant hedge funds fell 20-40% while discretionary gained 50-100%
“You have really well-respected, very well-resourced organizations in the quantitative space that are down 20, 30, 40%, and then you have discretionary managers who are up 50, 60, 70, 8000% this year.”
O'Shaughnessy: Qualitative analysis and portfolio concentration protect discretionary managers
“If you can handicap future scenarios based on all that you know about a business or an industry or a trend or whatever it might be, that's going to be hard for quants to replicate. And if you can concentrate In portfolio construction, that's also going to be v…”