Coatue throttled back risk-taking in its $350 million quant fund after markets went haywire and data-driven trades melted down

Billionaire Philippe Laffont's young quant fund, which runs $350 million, significantly reduced its exposure to the markets in early April, sources tell Business Insider.
The fund relies on real-time data feeds to inform its investment process, but the global shutdown that slammed many quant funds distorted the feeds. 
The fund is still active and trading, but not at the level it was before the pandemic hit, sources said.
It's another example of how reliant hedge funds are on outside data s