How patchy liquidity is stymieing systematic credit
…and what investors like AllianceBernstein, Man Numeric and Acadian are doing about it
If you ask Scott Richardson, the buy side’s tentative embrace of systematic credit strategies is somewhat perplexing.
In August last year, Acadian Asset Management, a quant shop with $100 billion in assets under management, snapped up Richardson as head of systematic credit. The move aimed to bolster the firm’s systematic fixed income capabilities as investor demand burgeoned.
With a background leading both systematic equity and credit investing at BGI/BlackRock and AQR from mid-2000s
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