Quantopian Test Backfires Or Just Too Early To Make a Determination?

Steven Cohen’s experiment at diving into quantitative investing may have hit a speed bump on his way to launching a new hedge fund with the widely hailed Quantopian platform. The Wall Street Journal reported that the experiment at unleashing a horde of mathematicians, engineers, and computer programmers onto the market panoply has been met with anemic initial returns. What could they do to improve performance? The lackluster performance was followed by Jonathan Larkin, the chief investment officer who put together the algorithmic strategy, leaving the firm. [dalio] Recruiting those without an understanding of how markets operate on a beta level leads…