Why is Sonam Srivastava a quant believer taking a value bet?
Sonam Srivastava, smallcase Manager and Founder at Wright Research; image credit: Company
Synopsis
Sonam Srivastava’s Wright Quant Fund aced the markets while the market was in a bull phase. With the turn of events, the fund is now facing challenges. Can she recalibrate her approach and start beating the markets again?
Sonam Srivastava is in august company, albeit only mildly. She and her fund Wright Research have just seen a glimpse of the moodiness of the stock market and the inability of even sophisticated quantitative models to sense it. Nobel Laureates Myron Scholes and Robert C. Merton, who in 1997 shared the Nobel Prize in Economics for having developed the Black–Scholes model, widely used for option pricing, also saw the market moodiness in 1998. They