Adam S. Parker, the head of Morgan Stanley’s U.S. Quant Research team, surveys the landscape of quantitative investment techniques and, without specifically saying so, weighs in on the debate regarding the value of quantitative investing to more fundamental approaches.
Morgan Stanley embraces “Quantamental” portfolio management
Certain quantitative market participants, particularly those in the managed futures sector, that feel their investment methods are held to a different standard. Returns and drawdowns being relatively equal, it is the fundamental long-only equity hedge funds that retain assets best during periods of negative performance. This is based on both anecdotal information as well as examination of index fund flows following a drawdown.
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