Quant hedge funds have faced a significant downturn since June, marked by continuous small losses that lack a clear cause. Notable firms like Qube Research & Technologies have reported considerable declines, including a 5% loss in July for their flagship fund. Point72's Cubist unit faced one of its worst performance periods since March 2020, while Two Sigma and Man Group also reported losses. The challenges in the quant hedge fund industry remain perplexing to managers, generating substantial concern and unease.
Quant hedge fund managers are experiencing one of the most prolonged droughts in recent memory. The bigger concern: They don't know why.
Systematic hedge funds have suffered a steady decline since June that managers are struggling to wrap their heads around.
Qube Research & Technologies, the $28 billion quant firm started by former Credit Suisse traders, has lost 5% in July in its flagship fund through last Friday.
At Man Group, the firm's AHL Dimension fund - a multi-asset systematic strategy - was down 2.5% in July through Tuesday.
#quant-hedge-funds #financial-loss #market-volatility #systematic-hedge-funds #investment-strategies
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