Politics
China Quant Funds Draw Billions as AI Trounces Human Traders
Key Points
China Quant Funds Draw Billions as AI Trounces Human Traders Quant funds in China have become so popular that they are being deluged with investors’ money. Ubiquant, one of the top players, raised 2.6 billion yuan ($384 million) in less than two hours for a new fund in May, according to people familiar with the matter. Investors also snapped up over 100 million yuan of a product from Shenzhen ChengQi Asset Management Ltd. within seconds, a product distributor said.
China Quant Funds Draw Billions as AI Trounces Human Traders
Quant funds in China have become so popular that they are being deluged with investors’ money.
Ubiquant, one of the top players, raised 2.6 billion yuan ($384 million) in less than two hours for a new fund in May, according to people familiar with the matter. Investors also snapped up over 100 million yuan of a product from Shenzhen ChengQi Asset Management Ltd. within seconds, a product distributor said.