Yes, I read about it. Like I mentioned in the first post in this thread, quant is not a catch-all phrase. Quant system can be designed for all types of strategies. All indices are essentially quant systems.
Over time, quant systems would do better than average Investors but worse than very good ones. Also, the type of strategy employed is more important.
With the excellent performance of the Quant mutual fund, I guess you will see a lot more of similar look-alike or sounding-alike funds being launched now because no one wants to be behind on the asset gathering race 
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