Quant funds are having a strong turnaround, and here are their top new bets

A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, August 9, 2021.
Andrew Kelly | Reuters

Quant funds are having a revival in 2021 after years of underperformance thanks to the strong rally in beaten-down value stocks. A number of them piled into the same names to ride on the economic rebound.