Federated Hermes Inc. has published an insightful analysis on the evolution of quantitative investing, showcasing the significant advancements in data analysis, mathematical modeling, and automated transactions that have shaped the industry. The report highlights how quant strategies have evolved over recent decades, particularly with enhancements brought about by technological advancements. It dispels myths surrounding quant investing and emphasizes the increased value of data-driven approaches in today's complex market environment. The analysis also reflects on historical milestones such as the founding of D.E. Shaw, the development of the Fama-French three-factor model, the collapse of Long-Term Capital Management, and the impact of the Global Financial Crisis. Federated Hermes underscores the challenges and opportunities presented by new datasets with shorter timeframes, noting their growing historical value as more data accrues. This comprehensive review provides key insights into the catalysts and future potential of quantitative investment strategies.