Machine Learning’s Mediocre Gains

Machine Learning's Mediocre Gains

Hedge funds using vast amounts of data, computing power, and machine-learning techniques to make money are drawing investors' attention. But their brief track records show they suffer the same shortcomings as their more traditional peers. The Eurekahedge AI Hedge Fund Index, which tracks 12 of these money pools, has outperformed hedge fund peers since 2013 but failed to beat the S&P 500 Index.