Ken Griffin Cub Up In 2015; Says Watch Out For “Quant-led Market Crash”

Will a quant-led market crash foil stock investors in 2016? It is a concern of Anchor Bolt Capital.

Ken Griffin “cub” Robert Polak, founder of Anchor Bolt, had a positive fourth quarter, with his hedge fund up 2.46%, according to a letter to investors reviewed by ValueWalk. While positive, the fund nonetheless under performed the S&P 500, which was up 6.45% over the same period. It wasn’t the shorts that were a significant detraction to performance in a negative market environment for such exposure, but rather a long book that didn’t quite keep pace with the broader benchmark. Polak looks with concern at the High Yield Index and other...