The coronavirus pandemic has dealt a body blow to the quantitative model-based style of investing, with a majority of the firms using such strategies negatively impacted, a study by Refinitiv has found.
In a report, financial data provider Refinitiv said 72per cent of such investors were hurt by the pandemic. Some 12per cent declared their models obsolete and 15per cent were building new ones.Machine-learning refers to the use of complicated mathematical models and algorithms based on historical data in order to make predictions without being explicitly programmed to do so.
These quantitative models have also suffered in 2020 as the amount and complexity of the inputs that go into such algorithms to generate trading signals have exploded in recent years. The survey was conducted via 423 telephone interviews of senior executives and data-science practitioners across various financial services firms between June 29 and Aug 14, 2020.
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