Quant fund Qube is hiring human stock pickers to sit beside its algorithms
Qube Research & Technologies, one of London’s largest quantitative hedge funds, is doing something that would once have looked heretical for a firm built on code: it is hiring humans to pick stocks.
The move, reported by Business Insider, places the fund alongside a small group of systematic managers that have begun to blend algorithms with old-fashioned conviction.
Qube has spent much of the past year assembling an in-house team of fundamental analysts, according to Business Insider and Hedgeweek. The group is led by Stephen Irvine, a former head of Balyasny’s London office who later founded, and then wound down, his own firm, Lijaro Asset Management.
The analysts are organised by sector, covering consumer, financials, chemicals, technology, pharmaceuticals, transportation, and industrials. Each runs a dedicated “sleeve” of capital worth between $200m and $500m, depending on experience, under Irvine’s oversight.
Qube has recruited at least seven sector specialists for...
Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE
