quant

Jill Carey Hall, an equity and quant strategist with BofA Securities, noted in a report Wednesday that while investors sold single stocks, particularly in tech, over the past week, they actually were net buyers of big tech ETFs.

Gregory Zuckerman’s 2019 bestseller, “The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution,” revealed how: Simons’s Medallion Fund averaged 66% annual returns for three decades using mathematical algorithms that would make ChatGPT weep.

These quant funds now dominate trading volume.

The modern quant funds post good numbers — 15%, 20% a year, sometimes better.

Renaissance continues under Peter Brown’s leadership — still closed to outsiders, still profitable, but acknowledging what everyone in quant knows: The market got smarter.