The other commenters are correct-ish about "quant" meaning something like, "computers and technology." But for the most part it's now a marketing term. Discreti

The other commenters are correct-ish about "quant" meaning something like, "computers and technology." But for the most part it's now a marketing term. Discretionary/fundamental hedge funds also use data pretty extensively, and they also use trading algorithms. It's largely about technology culture, not simply the way in which trades are chosen (or not, as it were).