# kaal:claim:3409548-005

**Claim.** Systematic, computer model driven funds do not reliably outperform human managed funds: research finds the typical systematic fund does not always perform as well as funds run by human managers.

**Type.** failure  **Support.** evidenced

**Holds when.**

- typical systematic fund
- Preqin research as of 2016

**Source quote.**

> However, according to research done by Preqin, the typical systematic fund doesn't always perform as well as funds operated by human managers.

**From.** Kaal, *Financial Technology and Hedge Funds* (2019), II. Financial Technology and Hedge Funds, page 7

**Cite as.** Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548

**Verify.** sha256 of source PDF `74227ab2656b06bfe4a29c942fc2ba26df9f476917e0a9f85ec038b8c3402c40` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Financial%20Technology%20and%20Hedge%20Funds.pdf

**Failure mode.** Systematic underperformance versus human managers  (family: human-judgment-displacement)

**Topics.** ai-and-agents, private-funds

**Keywords.** systematic-trading, performance, machine-learning, hedge-funds

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.