A few articles said that quant funds like 2sigma, ren.tech, deshaw are underwater this year when I thought they were pretty sure returns. Does anyone in that industry know what's going on and if employees are not doing as well or things are being shaken up?
Any links? I thought Ren tech always does insane.
Because the markets have been steadily increasing with no fluctuation. Quant funds make money in volatile markets not with what we've had recently.
http://www.barrons.com/articles/quant-funds-a-disappointment-in-2017-1497631658 A bunch are behind paywalls, but that's one. I read separately that rentech is only up 6% or so. I also read that their fees are something like a few % fixed plus half of returns-eg this year their investors are making less than bonds. Not awful but far from the 50-80% returns of yore!
Links to the articles?