May 15, 2016

ABOVE AVERAGE IS OVER:

Rise of the billionaire robots: how algorithms have redefined hedge funds (Suzanne McGee, 15 May 2016, The Guardian)

On Wall Street, you eat what you kill. And boy, can they eat. According to a just-published annual survey by Institutional Investor's Alpha magazine, the 25 best-paid hedge fund honchos pocketed $13bn in 2015, a sum that exceeds the gross domestic products of many nations.

What's interesting is that the huge payout comes in a year that has been more notable for the flight of investors from hedge funds, and that this year's big winners are more reliant than ever on algorithms to make their money.



In the Information Age, knowledge workers are as easily replaced as factory workers.

Posted by at May 15, 2016 7:46 AM

  

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