The appliance of science

Unwittingly, Aspect Capital's Richard Clarke must make some traditional hedge fund managers nervous. Because, according to him, good returns (of more than 15%) can be made trading equities using science.

At Aspect Capital, where he runs the $25m European Equity Fund, Clarke uses sophisticated computer programs to tell him when to buy and sell stocks.

These systems were developed by Clarke over the past 14 years working in quantitative research, most recently for Robert Fleming Securities wher