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Awesome! Smart move! Good luck!

LOL.

Yes, it's a net to catch people's success but not in a way you think. Nobody is gonna bother "stealing" your strategies, that is not the business model. Replicating other people's strategies is too hard, labor intensive and, most importantly, the devil is in details which are easy to miss...

I intentionally gave the headhunter a rather vague description. My business is not latency sensitive, so I don't need a hard-core programmer. An ideal candidate would be someone with a working knowledge of python, some C++ (our internal execution engine requires some of that), background in...

Honestly, I know nothing about that world and it would be tough for me to evaluate them. I've had a guy that was a former Army Ranger that worked with me at one of my previous jobs, certainly was a very capable guy (maybe not THE brightest, but smart and hard working). However, he approached...

The very definition of the edge is "an intrinsic quality of your setup the improves your changes of winning". E.g. it could be cost of capital (if you cost is lower then most people, you can play interesting games), ability to make markets and this collect bid/offer spread etc. While, as I said...

Ha! I had a few very positive experiences with ex-military guys, both as co-workers and as direct reports. However, I have no idea where to find these people and the HH I am working with seems to be sending me the same type of guys.

Dude, the job in question is in a big hedge fund with all of the blah that goes with it. I honestly suspect that your number 2, a startup job, attracts the type of people I'd want to work with and I am just scraping the bottom. A bunch of guys I've passed on because they were too much of a bro...

Oops. Must have gotten distracted while doing the calc in my head.

Risk management is about mitigating risk. It has no a priori knowledge about the outcome of your trade, only knowledge about the risk metrics of the trade. So it can not give you positive expectation in any form. E.g. you are about to buy a stock. Before you dial your broker, you determine how...

Not true. It is the overall expectation that makes any strategy a success. You can have a strategy that loses money 90% of the time (e.g. buying underpriced convexity) or you can have a strategy that makes money 90% of the time (e.g. reverse of the strategy above). While allocating capital to...

What is this shit? I don't understand how they calculate it, because S&P 500 "average" from 2002 is quoted as 4.3%. Let's see - I recall at the start of 2001, S&P was at around 1300, lets make it 1350 for safety, while Fridays close it was 2259.53. Taking the most conservative method of...

This one has been kissed by the best, he'd never fall for me.

Someone who is 30+ will likeley be too senior for this position. It's a junior role, there is a lot of scat work involved. Math for the first one, second had masters in CS.

In order of importance: Nice person. Smart. Knows stats. Can program. That's probably it. Everything else can be fixed or learned. I mean, this is not my first rodeo (if anything probably my last one). I know that I'll have to kiss a lot of frogs to find that one prince, but it's been one...

"Twenge attributes Millennials with the traits of confidence and tolerance, but also identifies a sense of entitlement and narcissism based on personality surveys that showed increasing narcissism among Millennials compared to preceding generations when they were teens and in their twenties."...

Could you elaborate? I am interviewing people right out of school to 2-3 years out of school. It's been pretty random so far, not too many people that struck me as "oh, shit, I want that gal/guy" and a lot of people that I'd go "no bloody way". But I did hand out two offers... To be fair, my...

I think that's the key. The guys who used to go into quant trading are in demand all over. Plus, it's hard, tricky work and it's less glamorous now, after 2008. My little field is even trickier, since I am not HFT but rather "old school with a new twist" which requires a confluence of multiple...

No way. I want someone sitting next to me - my stuff is tricky enough as is, without the complications of a remote setup. Previously, we'd share the work-load between myself and my co-PM, but due to some issues we are splitting up, so I need someone to at least pick up part of the work. This is...

So I've been interviewing a bunch of junior people and literally everyone was taken aback by the fact that we expect them to trade in Asian hours. It's not even graveyard shift, it's from 7pm to 2 am. Why such a hate?