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Article: Mixing 'logic and emotion yields limited success: Seligman uses quant models, stock picking.
- Article from:
- Investment News
- Article date:
- October 28, 2002
- Author:
CopyrightCOPYRIGHT 2002 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"Star Trek" character Mr. Spock wouldn't approve.
J.& W Seligman & Co. Inc. in New York is hoping that the fusion of logic with emotion will help it build a disciplined investment approach that will nay off in the future.
Unfortunately, it is a concept that has had only limited success in the past.
Seligman's system allows its portfolio managers to combine elements of quantitative money management with traditional bottom-up stock picking.
Mutual fund analysts say the strategy itself isn't unusual. Companies such as Leuthold Weeden Capital Management in Minneapolis and Putnam Investments LLC in Boston for years have mixed quantitative ...