Navigating Quantitative Hedge Funds

This chapter explores the complexities of quantitative multi-strategy hedge funds, distinguishing between discretionary and systematic investment strategies aimed at achieving absolute returns. It addresses the challenges of volatility in financial markets and emphasizes the need for a scientific approach to decision-making and risk management. The discussion also critiques common benchmarking practices and highlights the importance of diversifying portfolios with low-correlation strategies to mitigate investment risks.