AQR's former machine-learning head says quant funds should start 'nowcasting' to react to real-time data instead of trying to predict the future

· Big-name quants were slammed in March, as their models struggled to keep up with the coronavirus-induced selloff.
· AQR's former head of machine-learning, Macros Lopez de Prado, said on a webinar hosted by alt-data company Thinknum on Friday that quants were too reliant on models and forecasts.
· He said they need to begin...