That said, there is something in this story absolutely worthy of discussion. Even in this type of ludicrously unpredictable market, creative diversification nevertheless can and does produce real results:

“Winton, the world’s largest quant fund, managed to sidestep the worst of the losses, however. The London-based company dropped just 2.5% last month but is still up 6.5% for the year. Almost all Winton’s losses were nevertheless attributable to US bond market moves, said a person familiar with the fund’s performance. Unlike its peers, Winton has moved to diversify its trading programmes into cash equities and away from futures contracts.”

[“Quant funds suffer steep losses in US bond sell-off,” Business Day UK, 6/6/2013]