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Are you applying to the combine (BA / MBA) program? I just wrote a couple of recommendations for some of the summer interns that used to work for me. You will do the MBA entrance after junor (3rd) year, right? I wish they had this type of programs when I was an undergrad (heh, a long time...

Here is an ideal (dream) resume, this is someone that I know personally. And to achieve this, he had no direct family connections. Graduated HS around 16-17, a bit early. Good grades (but not national merit scholar level), valedictorian. Did a high school month on Wall street (such...

Why I am jumping in I have no idea. But the 700 ms "involuntary motor response" can be lowered significantly via intensive training. I am in NY, and the World Cyber Games (the video game Olympics) was here this week. Some of top world ranked players (not one of them over age 22, I think)...

They will legit, definitely, it wasn't a fly-by-night operation. As far as I know, there was no talk of any lawsuits regarding NCX. But they ran into some regulatory problems. Rufus

They are no longer around. Some of the founders had ... some difficulties. This mike guy isn't even one of the principals, he was just a hired sale guy, a loose cannon that a leash was put on him quickly. One or two of the founders are good guys, but that's about it. I know almost the...

Two sets of figures, one I was part of a hedge fund, one was trading individually. Hedge fund, best day, Up about $6.2M, the day that QCOM and YHOO went nuts in 1999. In one day, QCOM holding went from around 5% of the fund to 8% of the fund, insane. I remember that day well, I made 60% of...

It is more of a function of how much of the specific security daily volume you will account for. If it is small, much smaller than 1%, for instance, then it won't be a big problem. Slippage would come in play in some strategy (for instance, pseudo-MM) that would push the bid/ask order book...

This is very cool. I have been thinking about a trek of himalayas for a couple of months now. I have never altitude climbed before, and my climbing techniques are rudimentary at best. Did you go on your own? Or did you went with a guide firm?

I certainly don't have the background or experience as Don Bright. But I have spent significant time both in investment banks and associated with prop firms, maybe I can offer my $0.02. The main focus for you for the first 2-3 years is to learn, in detail, one trading methodology, whether it...

Call your broker. I was in this exact situation when Iridium went bankrupt, the broker (BofA) helped me to do a "phantom cover". Rufus

I just read the liquidation / unwind notices, that's pretty amazing, considering that if he is serious about running a fund, he should (!) have no problem raising significant capital. But as an academic, maybe he doesn't care, and I admire him for doing so. On the other hand, his stubborn...

Nope, I am a member of GFA, the performance report (in Excel and PDF format) is empty, with no NAVs to speak of.

I couldn't agree more, floor MM for practically anything (NYSE, futures, options) have been in drastic decline for the last 5 years or so. I was walking by the 10 year pit a while back (although I am a member, I rarely go to the floor any more), and the pit traders just look at each other...

Heck, I threw out $50M, with no basis of guessing except my past experiences with hedge funds. So $69M sounds about right, anything less than $200M I would think would be probable.

My apologies if this sounds severe. One way out for her is to take a job with an investment bank, potentally not as a trader, say a trader support person. I understand fully that she will not be making the money, and the position will not have much upward potential. So, in a word, she is...

I subscribe to most of the hedge fund databases, and more than few wrap account DBs. So I usually have no problem finding return data for pretty much any hedge fund that are, actively soliciting money, manages public institutional money, have money from a FoF, or have quarterly NAVs. I can not...

Outside of the 5% concentration rule, where a single entity, if hold > 5% of all outstanding securities, need to file the proper disclosure with SEC, I am not aware of any strict rules on securities holdings. Case in point, WSJ reported last week (or weeks ago) that Citadel currently holds >...

Couple of things you have to ask yourself, are you willing to take a pay-cut for the first couple of years, at levels that may seem severe. Let's say you make, say 100k now as an Sr. Associate or new VP, you will make 60-70k as a new analyst, and, no, you won't get an associate position on the...

Good firm with solid reputation, they have about 60-80 traders (grown dramatically in the last 1-2 years) in Chicago, maybe another 20-30 in Dublin (?). They trade mostly treasuries and some indicies, using TT mostly. It depends on whether you are thinking about becoming a part of their...

My guess is that you would fit in an investment bank, possibly doing trading support / operational support type of role. Your knowledge of derivative markets would come in handy here. However, this is kind of a "dead end" job (aka Ops), the opportunity for future growth is limited, but with...