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Only 25 per cent of the biggest Chinese quant hedge funds made money in Q4 2021

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Only seven of the 28 largest Chinese quant hedge fund managers – those managing more than CNY10 billion – generated positive returns in the last quarter of 2021, according to a report in The Wall Street Journal.

High-Flyer Quant took the biggest hit losing an average of more than 11 per cent across its funds and made a public apology to investors as a result, citing problems with its algorithms and rapid industry growth for the setback.

By comparison, seven of the 28 generated cumulative returns of more than 100 per cent over the past three years according to fund distributor Simwuang. And the company predicts that as Chinese quants increasingly trade against each other, the opportunities to generate excess returns will dwindle.

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