Quantitative Hedge Funds
topic on 2 shows · 6 statements across 2 episodes
6 statements about Quantitative Hedge Funds, every show
No other major quant fund operates with a single unified model
“No other at scale investment firm period, and especially quant firm operates this way today with just one model.”
Ober: Fundamental hedge funds began data transformation around 2016–2017
“Sure, so I think kind of a revolution in the hedge fund industry mainly because you have the quantitative hedge funds that have really been leaders in technology and data, and now you have the fundamentals really over the last, call it two, three years, thinki…”
Ober: Fundamental funds need more data per company than quantitative funds
“So it's interesting because when you move from quantitative to fundamental, the amount of data that's relevant is, you know, Enormous on the fundamental side, because you're really diving into these single names.”
Ober: Quant funds require two years of backtestable daily data before purchasing
“If you're going to sell to a quantitative hedge fund, anything less than two years of daily data that's really been stored point in time that you can really back test is really going to be tough to make that ten million dollar sale.”
Ober: Fundamental funds prioritize good communicators over the smartest PhDs
“We may not need the smartest PhD within a fundamental shop because we have to be able to explain and understand what they're doing and really talk their language whereas a quantitative hedge fund, there's more opportunity to maybe work on your own and not have…”
Matt Ober: Alternative data adoption expanded from quants to private equity and mutual funds
“Yeah, I mean, I think obviously at the beginning it was definitely all quantitative hedge funds that were consuming as much data as possible. I think now if you go to some of these conferences like Battlefin, where you can have hundreds of data meetings in one…”