For a man who has built a $US30 billion hedge fund empire on the prowess of artificial intelligence, David Harding is as human as you can get.
The 55-year-old founder of London-based Winton Capital Management’s personal fortune of $US1.5 billion is irrefutable proof that systematic trading can work, and works spectacularly well. But that does not make him immune from cynics and doubters that dismiss the “black box” funds he has built.
“People are mathaphobic,” he tells The Australian Financial Review.
“There’s an unnatural hostility with people insisting that are funds are “black boxes”. If you don’t understand our fund, it’s because you haven’t made the effort to understand it.”
More here – Australian Financial Review