Quant Fund Shrinks 92% From 2018 Peak in Factor-Investing Crisis
- Ian Heslop’s $1 billion systematic fund once had $16 billion
- Manager says money flows have overwhelmed factor investing
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Like so many of his peers, Ian Heslop needs a turning point in markets to revive his misfiring quant strategies.
Yet for the Jupiter Fund Management investor, last week’s massive risk-on rotation only added insult to injury. As global markets cheered vaccine developments that point to a post-pandemic world, his Global Equity Absolute Return Fund fell the most ever -- cutting assets under management to just $1.3 billion.