The proliferation of mutual funds that rely on computers to select stocks is coming to an end.

Mutual fund companies had rolled out 29 so-called quantitative funds year-to-date through Aug. 31, down nearly 58% from 69 the comparable period a year earlier. In 2007, a record 117 quant funds made their debut, according to Lipper Inc. of New York.

Assets in such funds, meanwhile, totaled $72.9 billion July 31, down from $76.4 billion at the beginning of the year, Lipper noted.

Read the full story here: Quant funds tested by tough market