bias

quant funds: No bias, no emotion; With quant funds the ‘matrix’ takes the calls

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Mumbai: Mutual fund investors looking to diversify portfolios beyond traditional diversified equity strategies can consider quant funds, which primarily use mathematical models to select stocks, eliminate fund manager bias, and have lower costs than active funds. Wealth managers believe investors can allocate 15-20% to such schemes. Quant funds build a portfolio by selecting stocks on … Read more

AI May Not Steal Your Job, but It Could Stop You Getting Hired

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If you’ve worried that candidate-screening algorithms could be standing between you and your dream job, reading Hilke Schellmann’s The Algorithm won’t ease your mind. The investigative reporter and NYU journalism professor’s new book demystifies how HR departments use automation software that not only propagate bias, but fail at the thing they claim to do: find … Read more