A month ago many computer-driven investors watched astonished as markets were wracked by a financial tempest, with once-hot stocks tumbling and previously shunned sectors enjoying a revival.
But for Michael Kharitonov, the chief executive of San Francisco-based Voleon Group, the rapid rotation out of momentum stocks that wrongfooted many investors was “boring”.
The $6bn-in-assets hedge fund hardly noticed the brief but dramatic reversal. “We saw nothing,” he says, with a chuckle.
您已阅读9%（482字），剩余91%（4934字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。