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Quant Trades Are Misfiring. Time to Look East (And Ask Mom)
Jason Hsu co-founded one of the most famous firms in quantitative investing, but when the stock strategies he helped pioneer in America began to falter, he decided to look east. The only problem was they didn’t do what they were supposed to there, either. That was 2016, and ever since then Hsu has been in the vanguard of quants who are rewiring systematic strategies to conquer the world’s second-biggest equity market. As Chinese stocks near completion of their entry into MSCI Inc. indexes tracked by trillions, U.S. powerhouses like D.E. Shaw & Co LP and Two Sigma Investments LP are among those stepping up ... (full story)