"From 2006 to 2021, the AI-based hedge funds generated average returns of about 0.75% per month, vs. about 0.25% per month for the human-guided hedge funds..."
"Curiously, the authors also found that the so-called 'combined funds,' with a medium level of both automation and human involvement, performed the worst among the four types of hedge fund strategies."
" 'We infer that mixing human decision-making with automated processes,' they write, 'is inferior to relying predominantly on either human or machine decision-making. This puzzle is left for future research.' "
