• At $6 billion Schonfeld Strategic Advisors, humans outperformed the machines in 2020 as the firm raised money for its stock-pickers

    4 days ago - By Business Insider

    Summary List Placement In a reflection of the overall industry's 2020, the humans at $6 billion Schonfeld Strategic Advisors outperformed the machines.
    Schonfeld's $2.3 billion Fundamental Equity fund, which includes dozens of stock-trading teams but no quant strategies, made 14.% in 2020 thanks to a 4.4% return in December, according to a fact sheet the firm sent to investors seen by Insider. The only month the fund lost money was in March, when it fell by 4.3%.
    This performance beats Schonfeld's flagship fund, the Strategic Partners fund, which runs nearly $4 billion. That fund returned...
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