量化對(duì)沖基金資產(chǎn)規(guī)模有望突破1萬(wàn)億美元

The quantitative hedge fund industry is on the brink of surpassing $1tn of assets under management this year after breakneck growth from rising interest in more systematic, computer-powered investment strategies.

量化對(duì)沖基金業(yè)管理的資產(chǎn)今年有望超過(guò)1萬(wàn)億美元，人們對(duì)更系統(tǒng)化、電腦化的投資策略日益增加的興趣推動(dòng)了極速增長(zhǎng)。

The amount of money managed by quant hedge funds tracked by HFR, a data provider, rose to more than $940bn by the end of October 2017 — nearly double the level of 2010 — and flows have continued to be strong in the fourth quarter, according to hedge fund executives.

截至2017年10月底，由數(shù)據(jù)提供商HFR追蹤的量化對(duì)沖基金管理的資金已增長(zhǎng)至逾9400億美元，接近2010年水平的兩倍。另?yè)?jù)對(duì)沖基金高管表示，第四季度的資金流仍保持強(qiáng)勁。

An explosion of interest in automated, algorithmic investment approaches, ranging from the simple to high-octane strategies powered by artificial intelligence, has driven the surge. Even many traditional hedge funds are now hiring data scientists and programmers to reshape themselves into quants.

人們對(duì)自動(dòng)化算法投資方式——從簡(jiǎn)單策略到由人工智能驅(qū)動(dòng)的高強(qiáng)度策略——興趣的爆炸式增長(zhǎng)，推動(dòng)了這輪高增長(zhǎng)。就連許多傳統(tǒng)對(duì)沖基金如今也在聘用數(shù)據(jù)科學(xué)家和程序員，將自身重塑為量化對(duì)沖基金。

“Over the past decade the results of systematic quantitative investing have been undeniable,” said Philippe Jordan, president of CFM, a French quant hedge fund. “People have gone from being sceptical and uninterested to being artificial intelligence groupies.”

“過(guò)去10年期間，系統(tǒng)化的量化投資的結(jié)果不可否認(rèn)，”法國(guó)量化對(duì)沖基金CFM總裁菲利普•喬丹(Philippe Jordan)表示，“人們已從懷疑和不感興趣，變成人工智能的崇拜者。”

The growth of Two Sigma, one of the leaders of the quant hedge fund industry, is emblematic of the shift away from traditional hedge fund strategies. The New York-based firm’s assets have swelled from about $6bn in 2011 to more than $50bn in 2017, putting it roughly on par with the best-established quant powerhouses such as Renaissance Technologies and DE Shaw.

量化對(duì)沖基金行業(yè)的領(lǐng)先者之一Two Sigma的增長(zhǎng)，標(biāo)志著告別傳統(tǒng)對(duì)沖基金策略的轉(zhuǎn)向。這家總部位于紐約的公司的資產(chǎn)規(guī)模已從2011年的約60億美元膨脹至2017年的逾500億美元，與文藝復(fù)興科技公司(Renaissance Technologies)、蕭氏企業(yè)(DE Shaw)等最老牌量化對(duì)沖基金巨頭不相上下。