Brian Nuesi·10h agoTokenized Hedge Funds Meet AI-Native Managers. Alpha Gets a New Supply Chain.A $5 million capacity cap, a $10 token and Bridgewater’s $4.5 billion “artificial investor” show where value will sit when research gets…
Sepehr Parsa·1d agoI Copied the New Stock Picks of 28 Famous Hedge Funds. Only 2 Beat the S&P 500.What happens when you buy what Buffett, Burry and Ackman bought, on the first day you could actually know about it.
Navnoor Bawa·2d agoHow Jim Simons’s Medallion Hides in Renaissance’s 13F, Read With a Factor ModelRenaissance’s Form ADV (its SEC registration) leaves Medallion at least 45% of the 13F (its SEC stock list) that trackers read as picks.
Navnoor Bawa·3d agoJim Simons’s Medallion Won Every Year, 1990 to 2018. Lo’s Sharpe Math Has a Blind Spot.Medallion’s streak of winning years points to a floor under its returns, a floor the Sharpe ratio everyone quotes cannot see.A response icon1A response icon1
Manpreeth Sai·4d agoHow to use a Hedge Fund strategy in Prediction MarketsThe news said Starmer was out. A $67 million market said 48%. Here’s how a hedge fund strategy explains the gap.
Navnoor Bawa·4d agoHow Jim Simons Decided to Sell in the 2007 Stat Arb Crash, Against Medallion’s ModelsLeverage sets a deadline, and since 1963 the stat arb trade’s crashes came half back within a week only 21 times in 76.A response icon2A response icon2
Navnoor Bawa·5d agoHow Quants Test Ray Dalio’s Holy Grail: 20 Factors at 0.02 Correlation Still Lost a Quarter.Ray Dalio asked for good, uncorrelated streams; twenty public factors kept their correlation near zero and lost a quarter of their Sharpe.A response icon1A response icon1
Navnoor Bawa·6d agoCliff Asness Built AQR With the Fama-French Value Factor. Its Size Twin Lived in January.The two premiums named for Fama and French were in print years before 1992, and only value kept paying for three decades after its paper.
Eurico Paes·Oct 29Quant Is Not One Job: 13 Careers Behind Algorithmic Trading ExplainedFrom discovering statistical trading opportunities to building systems that operate in microseconds: what quantitative professionals…
Navnoor Bawa·Oct 28How CFM, AQR, and Man AHL Tested Trend Following. AQR’s Own Century Says It Broke.AQR’s own trend factor has run at a Sharpe of 0.34 since its 2012 paper, below every decade of AQR’s own century of data.
