Wall Street’s Math Whizzes Are Racing to Wire Up the Bond Market
- Long-awaited debt revolution may have been ushered in by Covid
- Systematic hedge funds double credit long book since 2018
Photographer: Bingfeng Wu/Getty Images
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For years, David Horowitz at Agilon Capital was a rare breed in the bond market: a quant in a notoriously old-school business where prices were a call rather than a click away.
Sixteen months of the pandemic is changing all that.