"BlackRock inherited the three-decade-old quant business with its purchase of Barclays Global Investors in 2009. Initially, the group was a big success under new management, delivering outsize returns. More recently, things haven’t panned out quite as well." -- well you know those Barclay's Boys[1]
Its an interesting question about machine learning and market returns. But there is a remarkable number of people who seem to just step over the line of legality and pick up the extra profits they need which taints the whole industry.
BGI was basically a subsidiary and run independently. It was originally part of Wells Fargo (hence the SF HQ) - just pointing out that although it had the Barclays name, it was separate.
Its an interesting question about machine learning and market returns. But there is a remarkable number of people who seem to just step over the line of legality and pick up the extra profits they need which taints the whole industry.
[1] https://www.theguardian.com/business/2016/jul/04/libor-riggi...