Human Managers Beat Computers in 2022 Funds Face-Off
• Funds run by human managers outperformed computer-driven quant funds in 2022 • Single-manager funds returned over 4% versus just 1% for quant funds • Quant funds rely on mathematical models to spot and exploit patterns • When unexpected events occur, quant funds can be wrongfooted • Individual managers avoided losses quant funds experienced after market chaos in March