Look - no hands! Model-driven funds beat most with humans at the helm

Computer-driven hedge funds proved again last month that having an autopilot at the controls has been a generally safer bet this year than being in one guided by human hands, as a slight gain left model-driven portfolios up 12.5% this year.

Model-driven funds made 1.4% last month, according to data provider Barclayhedge, outperforming all but two of the 14 different hedge fund investment strategies that the data provider monitors.

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