New Report Shows 40% Of Hedge Funds Created Last Year Were Systematic

Machine Learning And AI: New Report Shows 40% Of Hedge Funds Created Last Year Were Systematic

Are the days of fundamental hedge fund management coming to an end? According to a report from Preqin, a company that provides financial industry data, 40 percent of hedge funds created in 2016 were "systematic," meaning that they rely on computer models and algorithms to make trading decisions.