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The Compound and Friends cover image

The Credit Crunch Is Just Beginning

The Compound and Friends

NOTE

Classification of Hedge Funds: Systematic vs. Discretionary

A research paper examined the difference between systematic and discretionary hedge funds. Using words associated with each type, they were able to classify thousands of funds. Surprisingly, the word 'quant' appeared more frequently for discretionary managers, suggesting that even decision-making is influenced by quantitative information.

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