Can you make a computer as good an investor as Warren Buffett
? One investment firm thinks it can, according to the Wall Street Journal
According to an article today in the Journal
's monthly "Investing in Funds" special report, AQR Capital Management
] recently published a paper claiming that the shop, which runs 16 mutual funds, has developed a system that picks stocks like Buffett.
The Greenwich, Connecticut-based alternatives mutual fund shop declined to comment on whether it plans to roll out a mutual fund based on its Buffett simulator.
In Britain, meanwhile, an asset manager has created a fund that it says follows Mr. Buffett's investing principles. The one-year-old fund's manager, Keith Ashworth-Lord
, is trying to figure Mr. Buffett out.
"I'm the apprentice and he's the sorcerer," Mr. Ashworth-Lord says.
According to the paper, the actively managed fund, ConBrio Sanford Deland UK Buffettology
, from Sanford DeLand Asset Management Ltd.
, scours the U.K. market for the sorts of value stocks it thinks would excite Mr. Buffett. Recent buys include Domino's Pizza Group, a U.K. company that operates Domino's outlets in England and some European countries, and liquor company Diageo PLC.
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