How hedge funds make investments – EurekAlert

Discretionary, systematic, AI, ESG and quantamental
World Scientific
image: Cover of "Quantitative Hedge Funds: Discretionary, Systematic, AI, ESG and Quantamental" view more 
Credit: World Scientific
Are you intrigued by the inner workings of hedge funds, and the investment techniques and technologies they use to source investment alpha? If your answer is yes, then Richard D Bateson’s latest book, Quantitative Hedge Funds: Discretionary, Systematic, AI, ESG and Quantamental is for you.
Focusing on Dr Bateson's three decades of trading experience at leading banks and hedge funds, the book covers both discretionary and computer-driven strategies and perspectives on AI-based and quantamental investing using new alternative data, which includes numerous examples and insights of real trades and investment strategies.
Quantitative Hedge Funds opens by discussing the abstract world of efficient markets described by the academic efficient market hypothesis. It then contrasts them against how real markets operate with their numerous booms and busts and government interventions. Real markets provide trading opportunities for hedge funds that can be exploited through numerous investment strategies described by the author.
The book also discusses environmental, social and governance (ESG) investing, which has rapidly evolved as the public and institutions demand solutions to global problems such as climate change, pollution and unethical labour practices. ESG investment strategies are migrating out of the long-only space and into hedge funds, and this book provides a spark for discussion in this relatively new area.
Finally, the advent of big data and artificial intelligence has led to multiple alternative datasets and methodologies becoming available for hedge fund managers. Quantitative Hedge Funds outlines AI using neural nets and other machine learning techniques, along with their practical application in regards to investing. The integration of alternative data into the investment process is also discussed, together with the rise of so-called quantamental investing, a hybrid of the best of human skill and computer-based technologies.
Readers are not required to possess mathematical knowledge in order to follow and understand the book. For readers who wish to know more, all relevant algorithms are detailed in the appendices.
Quantitative Hedge Funds: Discretionary, Systematic, AI, ESG and Quantamental retails for US$68 / £55 (paperback) and US$118 / £95 (hardcover) and is also available in electronic formats. To order or know more about the book, visit
About the Author
With three decades of trading and investment experience across all major asset classes Dr Richard D Bateson is founder and CEO of Bateson Asset Management, an advisory and investment management company based in London specialising in quantitative strategies. He is an industry expert in AI and alternative data in financial markets, and has previously worked at Man Group, GLG Partners and Royal Bank of Canada. He is also currently Visiting Fellow at the Cavendish Laboratory, Cambridge University.
About World Scientific Publishing Co.
World Scientific Publishing is a leading international independent publisher of books and journals for the scholarly, research and professional communities. World Scientific collaborates with prestigious organisations like the Nobel Foundation and US National Academies Press to bring high quality academic and professional content to researchers and academics worldwide. The company publishes about 600 books and over 140 journals in various fields annually. To find out more about World Scientific, please visit
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