Two of Europe’s leading hedge fund bosses have warned fund managers they will not survive if they ignore the explosion of big data that is changing the way investors beat the markets.

Speaking at an alternative investments conference at the London School of Economics on Monday, Man Group chief executive Luke Ellis said a failure to adopt quantitative approaches could prove fatal to funds. “If you don’t understand how to treat data with respect, you will get eaten alive,” he said.

“Investment edge is incredibly hard to find and it gets harder every day because of the wonders of technology,” he added, citing computers’ ability to interpret huge data sets at lightning speeds.

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