WorldQuant’s New Fund Underperformed

The first quant fund established for outside investors by the Connecticut-based firm WorldQuant has lagged its benchmark from the outset, according to an article in Bloomberg. The quant stock fund was created as a joint venture between WorldQuant (founded by Igor Tulchinsky) and Millennium Management (founded by Izzy Englander). According to the article, the fund was established to beat the MSCI World Index by 300 to 600 basis points annually but lost 9.5 percent in… Read More