This is the year of the quants. According to Alphas Rich List, a ranking of the highest-earning hedge fund managers in the world, about half of the top 25 earners used computer-generated investing strategies to generate all or some of their profits. Last years top earner, Citadels Kenneth Griffin, shares the No. 1 spot with Rennaissance Technologies founder James Simons, who appeared on the list all 15 years the only person to do so. Each earned $1.7 billion in 2015.
Editor Michael Peltz appeared on CNBCs Squawk Box to discuss the ranking, released today, and sheds light on the quant investing trend, key facts and figures, and the hedge fund managers who struggled to beat the market.