The Chinese quant fund industry has experienced deep losses due to government crackdowns. Value Stocks for 2024 are expected to perform well, while Sandeep Tandon's Quant Mutual Fund faced investigation by SEBI for alleged front-running, causing significant withdrawals from investors and notably rocking India's stock market. Despite the allegations, Tandon assured that business is running as usual. Amidst these events, China proposed a significant fee increase for high-frequency traders, causing further distress to quant funds.
In global news, UK's Court ruled against billionaire trader Alex Gerko in a tax dispute, and a former Macquarie Quant Hedge Fund veteran Nick Bird begins a new Japan strategy. Meanwhile, China's short-sale curbs deal a blow to Quant Hedge Funds, with China’s regulatory clampdown causing significant damage to their quant fund industry. The situation escalates to the point of resembling a Quant quake as seen in the 2007 US meltdown.
On the innovation front, Quant Finance Pioneers and university studies advocate for the potential and advantages of quant funds, while hive Fund CFM increased its fee to 30% amidst a quant arms race.
In the tech sphere, Hudson River, a quant market maker, moved to Google Cloud to upgrade its trading algorithms, marking a significant technological advancement in quant trading. In addition, TOST Quant Technologies Inc. is leading financial technology innovation and global market expansion. Alumni of Jane Street and Nick Bird have started new ventures, bolstering the market.
Quant News Analytics from Tue, 28 Nov 2023 08:00:00 GMT to Fri, 26 Jul 2024 07:22:11 GMT - Rating 3 - Innovation 6 - Information 7 - Rumor 6
