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Stockpickers Make Room For The Quants

TedTed
in Fund Discussions
FYI: Big asset managers like BlackRock are trying to stanch outflows by marrying stock-picking to quant models.
Robots may take almost 40% of American jobs by 2030, according to consulting firm PwC, but they could be coming for money managers’ jobs even sooner. Firms are increasingly turning to computer-based models to boost performance, reduce fees, and stem the exodus from actively managed funds.

BlackRock (ticker: BLK) last week offered the highest-profile example of this trend when it said it was overhauling its...
Regards,
Ted
https://www.google.com/#q=Stockpickers+Make+Room+For+The+Quants&*

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