Quant funds in decline

(IN): Funds that rely on computers to select stocks is coming to an end, says David Hoffman of Investment News. Mutual fund companies had rolled out 29 so-called quantitative funds year-to-date through Aug. 31, down nearly 58% from 69 the comparable period a year earlier. In 2007, a record 117 quant funds made their debut, according to Lipper Inc. of New York. Go to article