After Dialing Up $72 Billion, How Much More Can Vol-Control Buy?

In "Quants And Mortals" I gave readers what I'd describe as the "generic" version of the systematic/discretionary positioning divide story, which I've told again and again over the past two or three months. Part and parcel of that tale is the notion that systematic support for equities could be less robust going forward given the scope of 2023's re-allocation bid. Posed as a question: Are quants "out of ammo"? The answer is "It depends." On volatility. And, relatedly, on whether markets contin