Goldman: Quant Hedge Funds Have To Do Better, Be Less Quant-y
Quantitative hedge funds, which really stunk up the joint two years ago, are getting some tough love from a guy who knows just how bad it can get. Robert Litterman is head of quantitative resources at...
View ArticleGoldman Sachs Not Only Wall Street Firm To Get In On Icing Phenom
Last week we mentioned that Goldman Sachs, in spite of the assumption it was immune from taking part in peasant-like drinking games, had played host to at least one confirmed icing on its premises at...
View ArticleOverzealous Employee Of Midtown Hedge Fund Want You To Learn From His Mistakes
A Double Down challenge occurred last Friday at 1PM. Man on man (in this case, employee v intern), thirty minutes, as fast as they could get ‘em in there. Luckily I was long gone by then but I’ve been...
View ArticleCitadel Getting Into The Quant Business
Former Knight Capital executives will run the new unit. Jamil Nazarali, 43, and Matt Cushman, 37, will join Citadel in September and report to Griffin, said Devon Spurgeon, a spokeswoman for...
View ArticleSteve Cohen Gives The People What They Want
Or at least one of the things on a wish list that includes a revealing 12-month wall calendar, Zamboni rides, a full deck of cards, karaoke night, an invite to the manse for spaghetti with anchovies,...
View ArticleSAC Capital Quants Don’t Do This “Conference Room A, Conference Room B” Crap
They also need a ruling on Lagrange versus Laplace. “The head of SAC’s quant shop recently introduced a new nomenclature for the various parcels of conference room tract under his command. Rather than...
View ArticleObama Reelection Campaign Looking To Hire A Few Good Quants
If you know anyone who’s interested. Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: Biff Basness's dream gig, elections, hiring watch, jobs programs, Obama, Quants
View ArticleThe Whale and the Quants
If you’d like some non-real-time insight into the London Whale, may I highly recommend this oral history, by Edinburgh sociologists Donald MacKenzie and Taylor Spears, of how investment banks came to...
View ArticleD.E. Shaw Geniuses Build Their Greatest Model Yet
Do you worship at the Temple of Chipotle? Do you refuse to make use of the online order option that allows you to bypass the line, as one half of Team Dealbreaker does, but unlike said burrito lover,...
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Banks Continue To Enjoy Their Once-In-Four-Years Fun
The entire world outside the borders of the United States of America is transfixed by the Quadrennial International Tournament of Soccer, or “World Cup,” which began yesterday when one country that...
View ArticleHedge Fund Manager Presses Button, Sits Back, Lets Yen Roll In
This hedge fund manager lets his machines do the talking.
View ArticleWhat Quantitative Investors Can Learn From the Election
Trump represents uncharted territory for investors. But scrappy analysts can still do some useful charting.
View ArticleTwo Sigma Taking Crowdsourcing Approach To Trading Algorithms
Quants' job security may not be so secure after all.
View ArticleQuantitative Was Fun While It Lasted
Has anyone out there thought about having humans pick stocks?
View ArticleThe Nerds Have Won: Wall Street Edition
Get ready to report to the kind of people whose heads you used to stick in toilets.
View ArticleHedge Fund Manager Engineering His Own Obsolescence
Muhammed Yesilhark is this close to turning things over to 40 electronic versions of himself.
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