China Top Quant Hedge Fund Zhejiang High-Flyer Asset Management Apologises for Record Loss
31st December 2021 | Hong Kong
China top Quant Hedge Fund Zhejiang High-Flyer Asset Management has apologised to investors for record loss caused by mistimed trades, which is the biggest loss in the hedge fund history. The quant hedge fund posted a statement on Wechat that it was “deeply guilty.” Zhejiang High-Flyer Asset Management manages around $14.1 billion (CNY 90 billion), which is the largest quant hedge fund in China.
“ China Top Quant Hedge Fund Zhejiang High-Flyer Asset Management Apologises for Record Loss “
Quant Funds
Quant funds are investment funds that are driven by quantitative analysis, using statistical techniques, mathematical modeling, and or automated algorithms, rather than fundamental analysis and human judgment to make investment decisions and execute trades.
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