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Nevsky's Taylor Blames Algos in Closing $1.5 Billion Hedge Fund

This article came out last week:

http://www.bloomberg.com/news/articles/2016-01-05/nevsky-capital-to-shutter-1-5-billion-hedge-fund-after-15-years

The important excerpt from Martin Taylor, the firm's chief investment officer:

We have come regretfully to the conclusion that the current algorithmically driven market environment is one which is increasingly incompatible with our fundamental, research orientated, investment process

The future belongs to the algorithms and those that can create them.

Good luck!

2 responses

The future belongs to the algos!!

The future belongs to the algos!!