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Man Versus Machine: How Humans Trumped Computers in August

Last month, discretionary managers like Daniel Loeb, David Einhorn and Daniel Och trumped model-driven strategies.

Humans clearly outperformed computers during August’s market swoon. A sampling of hedge funds that have already reported results for the most recent month indicate that long-short equity funds, macro funds and multistrategy funds that rely on good old-fashioned fundamental research — and people to pull

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