Is the era of quants over?

Machine learning is here

A few decades ago, quant investing required investments in the range of millions of dollars as well as a PhD. However, due to rapid tech development over the years, information can be easily accessed both on the web and in offline databases.

As a result, investment funds have increasingly turned to mathematical models and statistical analysis to predict their assets' returns and risks to optimise their trades to achieve enhanced portfolio performance. The rise of quants As opposed to classic forms of investments where an individual portfolio manager or their team makes all the decisions, quant investing eliminates - or at least significantly reduces - the risks of human error that are mainly driven by emotions, such as fear, greed, and hope. For these reasons, it is not surprising to see quants conquering many of th...