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Quant funds spread in India where stocks keep hitting records

Quant funds spread in India where stocks keep hitting records

Tuesday, January 28, 2020, 8:01 PM

India's mid-sized money-managers are counting on rule-based mathematical-models to tap a new-breed of investors embracing equities. Tata-Asset-Management is the latest to start a quant-fund. The firm is seeking to expand in a market where industry assets have more than doubled to $378-billion in the past five-years. The fund will be the first in India to use artificial-intelligence and machine-learning to pick-stocks, according to Tata-Asset.
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