Steve Cohen's fund is going quant

http://finance.yahoo.com/news/steve-cohens-fund-going-quant-142600693.html

 

My bet is it flops now. Who knows?

 

Its a field where big players have a distinct advantage thus why not utilize such an obvious edge.

 

Whatever he does, he does it right.

 

His "insider information" sources are ready to contribute.

 

So he can pretend to do algo trading while placing insider trades, nice front.

 

At the Buttonwood Gathering 2015 the role of big data was posed to the audience in a multiple choice format and the choice picked most often (40%) was "the big data will be essential to integrate into our decision-making, but only as an additional input in the process".