Last month, the machines won. Quantitative hedge funds had a strong July, highlighted by several big algorithm-driven names that avoided the pain their human-run peers suffered last month. At Renaissance Technologies, its largest external fund — known as Renaissance Institutional Equities — was up 9.2% in July, more than making up for losses over the
IT hedge fund Qube is hiring flesh-and-blood portfolio managers for a new equities unit, according to two people familiar with the company’s plans. The quant giant, which now manages $50 billion across its suite of strategies, is developing a team of portfolio managers who will trade long and short positions across different sectors and report
