• The stock-market boogeyman of Stanley Druckenmiller and other old-school traders is what hedge funds are hiring

    2 monthes ago - By Business Insider

    Quants and data scientists are going to be on the top of hedge-fund managers' wish lists in 2019, recruiters say, despite poor performance from some of the most well-known quant funds in the space.
    Systematic strategies, which trade on algorithms, have also been under attack from old-school traders, such as billionaires Stanley Druckenmiller and Leon Cooperman, who say the strategies distort market signals.
    Poor performance in 2018 from quant funds big and small will make it possible for managers "to get top talent on the cheap," said one industry observer.
    The quants developing...
    Read more ...