CHINA QUANT FUNDS DRAW BILLIONS AS AI TROUNCES HUMAN TRADERS

Summary from the TLDR newsletter

Quants' assets under management in China have more than doubled in less than a year to over 2.6 trillion yuan. The trend is being fueled by the rapid adoption of artificial intelligence. Quants' breadth in covering thousands of stocks has made it mainstream. Funds are responding to the frenzy by creating new investment products.