September 8, 2016 |
Fund managers are increasingly wielding one of the geekiest tools of the global financial market to achieve steady returns in Brazil’s volatile investment environment.
The country’s five main quantitative hedge funds almost tripled their assets under management from January 2015 to July 2016 .
Despite its growth, however, the quant subsector remains very much a niche one, with five funds managing around 1 billion reais ($306 million) out of the 614 billion reais under management by Brazil’s hedge fund industry, according to Anbima, Brazil’s capital markets association.
Almost two-thirds of the assets managed by quant hedge funds belong to a single fund, Bozano Quant FI, which has posted a
Using math to drive steady returns, quantitative hedge funds are gaining popularity in Brazil