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Actually, I think many of these muni issuers have swapped fixed for float and have done OK recieving float in the last years. Of course, those do not complain, it's the ones that decided to hedge their future issuance that are unhappy.

I am tempted to say that these people are great intuitive psychologists that get people to trust them without any real basis (btw, its possible that's how the guy got into Stanford and got hire). Someone told me a funny study about how wearing a tie makes people trust you more (the actual study...

Not gonna comment on your rant, since it's counterproductive. However, I doubt these municipalities went bankrupt because of the LIBOR manipulation (the manipulation caused deviations of at most a few basis points from the expected value). You can't deny that an "arbitrageur" in crypto...

It really depends on what you are trading. Single names are mostly fixed strike, with some beta-seepage. Index is usually some form of beta-vol (variations of lognormal SABR).

My question was more regarding the relationship of your system with risk premium. Any system that is a net seller of risk premium will show fantastic looking equity curves most of the time until it hits some serious drawdowns. However, once you combine your short risk premium with enough free...

Being a "quant" is very broad. Is there something you want to do specifically? Do you want to be on the buyside or sellside? Do you like research, developing algorithms/models or maybe you want to be trading exotic derivatives?

Hmm? I always thought that financing is where they actually make the $?

I was not asking for capital, I was asking for the return on turnover amount. That is usually gives you a good sense of sensitivity to the transaction costs and execution quality. Your execution assumptions are pretty aggressive, IMHO, but that is not that horrible. Ok, let's take it a...

You gonna laugh, but there are a few.

Yes and yes :)

Well, let's talk in returns please :) What is the return on trade value? Do you have any hysteresis built into your strategy conditions? If so, what is the impact of that value? If not, what is the percent "in/out"?

That's been my way with cars before - I bought them on the tail end of their life span and did not have to worry about scratches or anything of that sort. This time, however, I am considering a new one because of the new safety features. Yeah, I like it too. Unfortunately, the trunk gate is a...

At the place I work we get to see a fair number of pitches like this. All investors, myself included, would be interested in gist of the strategy (without giving away anything proprietary) rather than some magic simulated returns. That would be true regardless if you are trying to raise capital...

I am starting to shop for a new car and am totally at a loss. The requirements are very conflicting and I have to come to compromise . So far I have owned two cars, a Volvo station wagon and a compact Honda Fit. I really liked my Volvo - it was comfy and had plenty of room, had various bit...

I will add something regarding the whole fascination with "size" that seems to persist on this site. Being big capital-wise has it's advantages - you get better access (both in terms of instruments and markets) and you get to work with better tools (software, data etc). You also get to develop...

1. Per unit of time, it's certainly riskier to trade a position back and fourth vs holding a static long or short - in addition to to market risk, you are taking on transaction costs and market impact. 4. Could you differentiate that effect and other things that are happening at the quarter end...

1. Except your average fill level is going to be worse than the VWAP through that period. If you're outsizing the market, you can't expect to flip your position on a dime, you usually can't even flip back to flat at no cost. One doesn't have to be a quant to understand that, simply think through...

LOL. You are swinging from "risk-free" (btw, still waiting for you to respond regarding the calls) to really risky. On topic, a few comments: -- it's totally possible for a large transaction to move the price. However, the transactor is usually a receiver of the adverse effects not, the...

No, he doesn't. He just says that arbitrage strategies like this are not probable for a retail player. Furthermore, even for a commercial operator, the strategy above has a bunch of risks. Let's say you are running an index arbitrage book - buying stocks and selling futures against it (most of...

Actually, as personalities go, the institutional side is probably worse. Actually, I think I have met the guy somewhere. What amazes me is none of these people have done their due diligence - starting from his track record and finishing with his admin setup.