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How Covid-19 shocks revealed machine-based hedge funds’ “Achilles’ heel”

How Covid-19 shocks revealed machine-based hedge funds’ “Achilles’ heel”

This year’s Covid-19 stock market upheaval has revealed an “Achilles’ heel” in quantitative hedge fund models that use traditional factors such as momentum and value, as machine-based strategies have struggled against “unique new drivers of stock returns that don’t fit the academic models”, says Man FRM.

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CLS partners with Finastra

CLS partners with Finastra

CLS, a market infrastructure delivering settlement, processing and data solutions, and Finastra, one of the world’s largest fintechs, have agreed to enter into a collaboration to provide Finastra customers with access to CLSNet, CLS’s bilateral payment netting calculation service.