Hedge Funds
University student Spencer Singleton is among a growing band of amateurs turning to computer-driven automated stock trading – until now the preserve of hedge funds and mega brokers – and says he’s beating the market. Texas-based Singleton won a contest last July run by an algorithmic investing website to write trading programmes. The site, Quantopian, gave him $100,000 to put his model into action for six months and told him to keep any profits.