Fundamental value investors always have difficulty grasping quantitative techniques. Perhaps most perplexing is when a fundamental analyst asks a quant such as Cliff Asness what he thinks about the market and he say’s he doesn’t know. You see quants don’t have opinions on the market that drive their decisions, which is the key difference between the fundamental types – and a point of confusion. Enemy is being prisoner of past “As a quantitative manager, our enemy—and probably the enemy of many qualitative managers as well – is being a prisoner of the past and finding odd relationships that have worked…
Cliff Asness Puts Quantitative Investing In Perspective
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.