Quant Managers
topic on 1 show · 6 statements across 6 episodes
6 statements about Quant Managers, every show
Seides: LLMs Won't Make Final Investment Decisions Anytime Soon
“It'll be a long time, unless you're a quant manager, before the ultimate decision gets made by an LLM.”
Morehead avoids quant managers because black-box algorithms prevent market timing
“There are great quant managers. Fantastic. But if there's a quant manager, I don't know when to allocate to it or take money away because I don't understand the black box. No one lays out their quant algorithm. Cause if they did, you could be like, oh yeah, we…”
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…”
Bonafede: Traditional quant managers faltered in March and April 2020
“If you see how they performed during March and April, 2020, they faltered with all of the other quant managers and the products that they were selling to clients.”
Thome: WARF cut quant managers after observing total correlation in 2007
“There was a, when Tom ran the portfolio, I think we had every quant manager of notes that you could get. Not surprisingly, we found in 2007 that they all correlated together, so we got rid of some of that.”
Recker: Irvine backed a quant fund where machines generate algorithms
“We have, I'll say, dipped our toe with one. I would like to not talk to who it is, but they actually are using machine learning where the machines actually build the algorithms versus most quants, the people build the algorithms, and a lot of times you just ge…”