10-05-2016 23:09 via feedproxy.google.com

The computers have won, and Wall Street will never be the same

The computers have won.
Institutional Investor just released its annual list of the top-earning hedge fund managers, and six of the top eight are quants, or managers who rely on computer programs to guide their investing.
The list includes Ken Griffin of Citadel, Jim Simons of Renaissance Technology, and John Overdeck and David Siegel of Two Sigma.
In 2002, by contrast, just two computer-driven investors were included in the ranking, according to Institutional Investor.
The list highli
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