Shocker: Quant funds run one third of hedge fund assets -data

Reuters reports that funds employing mathematical formulas and computer models that dictate when to buy and sell securities now control close to a third of the assets in the $2.3 trillion hedge fund industry, new data shows.

These so-called "quant" or quantitative funds attracted more than nine in every $10 of net new money that went into hedge funds last year, according to data from industry tracker Hedge Fund Research, boosting their share of assets to 30 percent from about a quarter four years ago….

Find out more at http://www.reuters.com/article/2013/04/10/hedgefunds-computers-idUSL5N0CQ2SP20130410