For more than a year now, investors have been questioning the efficacy of quantitative investing. Much of their questioning has to do with performance. Many quant strategies have simply failed to deliver on their investment promise over the past few years. The problem, the reasoning goes, is that everybody knows about these strategies, so there are no returns left. It was this very argument that the editors of Institutional Investor recently posed to us, as they asked whether quantitative equity investing has a future. The fact that we have been asked this question suggests that many people think the future ...