China Becomes Next Big Prize for Quant Funds

Quantitative trading pioneer DE Shaw applied for direct access to China’s financial markets last month with little fanfare. But when Chinese media spotted mention of the move on a regulator’s website, word quickly spread.

“Another quant titan invests in China” ran the headline in China Fund, a financial newspaper.

Perhaps no fund manager in the computer-powered quantitative investment industry could provoke as much excitement entering China as DE Shaw, the secretive company founded by reclusive computer scientist David Shaw in 1988 ...