Recent content by cosine

Well, I guess they closed the commodities desk because they failed to capture the pole position, did they? Maybe they lost to someone else? Maybe they should ask Morgan Stanley how things are going on their energy desk... In two years from now, you'll see lots of people moving on because they...

So if I understand well, you're essentially a programmer that built risk systems, as opposed to trading systems. Is that correct? You never traded or designed trading algos, never managed portfolios, never designed electronic exchanges, never studied in financial economics, or anything that...

'Same team' meaning... ? OTC product risk sounds pretty far away from HFT system design to me. In what kind of bank is that done 'in the same team' ? One is middle office, the other is front office, one is risk, the other is programming, one is custom made products, the other is exchange traded...

"Interesting point lemeeplay. It's true that many foreign programmers are replacing most of the domestic ones. So if a quantitative finance master's won't help to get into HFT, whats the difference in the quant degree over a general MBA? What jobs does the quant finance masters prepare you...

NC: No, I don't think a financial engineering master would be enough. FE diplomas are very generic by nature and were mostly designed with the increased demand for derivatives pricing/trading/risk management specialists. Most of the content is built around that. High frequency trading on the...

You should do a master in computer science. You'll have to brush up your programming and algorithmic skills a lot. Studying in mathematics, physics or worse - financial engineering - will not be of much help. Unlike quant finance, the skill set that you need to perform well in high frequency...

No, it's not enough to know when IV is relatively high, or relatively low. If you expect clustering or mean-reversion in IV, so does the market. Options are priced consequently. You will have to beat the volatility term structure in order to make money, by anticipating implied vol more...

There's nothing negative about my posts. It's all about being realistic. Even raising 30-50MM is not easy for someone with no significant management experience. But some seem to think that it's actually easier than finding a job. The idea of affiliating with an existing firm is a good one - for...

Sorry buddy, but all you've done is show a backtest with a leveraged sharpe of 0.82, assuming you can borrow at fed+1%. 30% or 100% return doesn't matter. Anyone can obtain a sharpe of 0.82 in a backtest just by going long value stocks, which you seem to be doing given your massive drawdown in...

These are refered to as multi-boutique managers. Lots of firms offer such deals to keep good portfolio managers.

So if I understand well wmu, you want the investor to both seed your unconclusive track record (nearly all the value seems to come from the last year) on a strategy that pretty much everyone is doing already (it doesn't seem much different from what most quant managers do) and build your asset...

Unidirectional value... Bad

Thousand times sorry, I mixed you up with someone else (cmitseff). At this amount of assets, once again, you just don't need to run a hedge fund. You don't even need a website (most managers don't have one). As for everything else, your numbers are probably quite in line with your needs...

Rock, it's nice to see that you've been able to raise 10MM to 15MM to start a fund, yet just pay 5k$ a year in accounting fees to operate, without the need for further expenses. But this is not what I would call the typical operation. Here, you have a bunch of kids who want to start hedge funds...

Though the guy is from new jersey.