Steven Cohen Invests $250m in Quants Research, Quantopian
Posted: Wed Jul 27, 2016 11:18 am
American hedge fund manager Steven A, Cohen is investing $250 million in a hedge fund launched by Quantopian that is banking on a new project to do-it-yourself traders that will look to engineer market-beating mathematical models that hope to optimize investment strategies, according to a Wall Street Journal report.
The investment in Quantopian will aim to disrupt the existing hedge fund playing field with quantitative investment techniques. Cohen’s $250 million will go towards funding the research and design by mechanical engineers of a market-beating model – such a prospect could provide a windfall for hedge funds, money managers, and others.
Do-it Yourself
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