How ironic. Bloomberg is reporting that most of the new quant strategies adopted by asset managers aren’t generating any, uh, quantifiable positive returns, let alone alpha. Allow me to explain in a moment of schadenfreude.
U.S. stock index futures fell in low volume on Monday, putting Wall Street on track for a lower open on the first trading session since Friday's surprisingly weak jobs data.
Herbalife had a rough start to the week with shares falling early Monday after the "New York Post" reported that the company would be investigated by regulators.