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They are a macro fund, ETFs and futures is the most liquid and non-idiosyncratic way of getting equity exposure.

Asking for a friend who’s running a startup company. He is trying to find a collaborative data science hosting environment that is: - hosted and fully administered cloud solution - already running Jupiter notebooks (that what he uses now) - secure and allows for mutiple users - allows to store...

I read that editorial and have a few comments: 1. If you look at the recent performances, nobody has any alpha, especially none that beats S&P 500. Aggregate performances display statistical significance over decades, not even years - any statements like “well, convertible bond funds have not...

I also know plenty of long-short discretionary PM that are thriving. As long as you worked out the "path", money can be made.

I think what's going on right now is that lines between systematic and discretionary strategies are getting blurred. We are going to see that more and more - for example, I am primarily systematic, but for some things I make manual decisions simply because it's easier and there is learning...

Got it :) I have seen the movie, but don't seem to be as taken by it as by other winners from that era (Princess Bride is my favorite)

There are plenty. In fact, once you look away from the bigger capital, returns and Sharpe are probably better because of capacity constraints. I know at least 20 smaller managers (under 200 AUM) that are killing it. As for d08 point, there are plenty of things that can not be easily programmed...

Interesting how the whole discussion devolved into a shouting match. The reality is, as always, neither black nor white. First of all, the distinction is very blurry. There is a whole continuum of investment styles, from latency arb where discretion comes on at the stage of instrument selection...

You can buy options on ETFs like EFA.

Most institutional investors tare looking for two things - interesting correlation profile combined with a statistically-significant positive expectation. I.e. it's ok to have drawdowns, but not when everyone else has drawdowns and it's OK to lose money as long as it does not look like "you're...

All right, what's this cultural reference that I am completely missing?

Being at a very shishy place, I often wonder about that - I think we only recruit from maybe 10 schools. My sense is that kids from the top tier places are now able to pick finance or non-finance with a similar long term expectation (e.g. someone can go to Goldman or go to Google and his long...

You know, a few hundred dollars is not an "investment" :)

I actually think you have a fair chance of finding a gig with your credentials (assuming you are well spoken and not an obvious asshole). PS. Given a choice, avoid jobs in the Borg-like places, RenCap and Citadel included. You will be a cog in a giant machine and your exposure will be very...

I am blushing here. You're welcome :) It certainly makes no sense going around discussing the details of the actual strategies but there is so much common knowledge/wisdom type stuff that could be easily shared.

It's big. Felt like driving a very fast aircraft carrier :)

Ok, so today I test-drove a Tesla... hmmm

A former co-workers drives one and likes it a lot. I have not tried it. PS. There is a local observation that "people who drive BMWs drive like assholes" :)

I feel I should ask all the same questions I ask about all systems (e.g. number of free varaibles etc), but I will ask the main one - is there a solid hypothesis behind this strategy or is it a "price action model"?

LOL :) What do you think is the half-life of a Aston Martin on the streets of the New York City?