The Quants Are Taking Over Wall Street

Today, Two Sigma is the fastest growing hedge fund on Wall Street. It manages some $35 billion and made its two founders, Siegel and John Overdeck, billionaires themselves. Quant funds like those managed by Two Sigma and Renaissance Technologies have been consistently posting solid returns in recent years while most other hedge fund strategies centered around the trading decisions of human beings have struggled mightily. (Forbes)

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