Qunat versus macro framework - One example of differences

 

Here is an example of how one macro hedge fund looks at the quant versus macro playbook. It is a good depiction of those managers who closely link quantity work with discretion. This is not better or worse than a fully quant or discretionary style, but it shows these two are connected. 

Quants usually hold more positions and rely on the law of large numbers and diversification. If you follow the fundamental law of active management, the goal is to make many "uncorrelated" bets. Note that each sees the world differently with respect to how they view the world, form bets, and build portfolios.