AQR: Computers Don't Replace Human Stock Pickers, They Augment ThemMark Melin
While the headlines might indicate the algorithmic apocalypse is upon us, and that robots will be directing investment allocation decisions, the reality at present is far different. “Rules-based” or “systematic” fund managers as opposed to Discretionary Managers are only a small percentage of the active management mix, a new report from AQR Capital Management asserts. In fact, the issue of systematic funds “taking over” human, discretionary stock picking shouldn’t be considered from an either / or . . .
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