“Machine learning” is all the buzz in hedge fund strategies, as fund managers race to prove they can play the latest trend, and quantitative scientists are in demand at top funds. One traditional trend follower, Man Group, with a reported $43 billion in assets managed quantitatively, sees it as the “next phase” in systematic trading. But there can be landmines or at least potholes going down the path to machine learning investment returns.
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Man Group Chief Investment Officer Sandy Rattray looks at machine learning as the future that is playing out...

