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  1. CRE Trader

    Revenge of the Humans: How Discretionary Managers Can Crush Systematics

    My take on this is that any strategy that depends on analyzing news flow, statistical arbitrage or publicly available fundamental information is completed dominated by quants. Computers can do all that much more efficiently than a human trader. Unfortunately for me, that is how I made my...
  2. CRE Trader

    Revenge of the Humans: How Discretionary Managers Can Crush Systematics

    I'd love to hear your thoughts on this excellent article. As a former "stat arb" trader, I thought his take on how quants have taken over that space was spot on. I could never compete in this universe and now am a long-term position trader...
  3. CRE Trader

    How much tax does Reits in London Stock Exchange charge for foreigner?

    Backup withholding is 15% on US residents. See link below for IB's tax rate table: http://ibkb.interactivebrokers.com/node/861 Which REITs are you looking at? I'm watching HMSO and GPOR closely - will buy when they and the GBP stabilizes.
  4. CRE Trader

    What's the single thing you've done that's improved your results?

    taking notes on every trade including rationale for the trade, reasons for exit and lessons learned on both winners and losers
  5. CRE Trader

    REIT Traders

    It's a mix of deep value and opportunistic. On deep value, I look for unwarranted discounts to NAV with catalysts or sufficient yield to be paid to wait. Timeframe is 3-12 months. Opportunistic will include oversold/overbought mean reversion, merger arb, activist situations/reviews of...
  6. CRE Trader

    REIT Traders

    I'm a long-time trader of REITs and related stocks, mostly in the U.S. but recently transitioning to global. I traded REITs for about 10 years for various hedge funds in the 1998-2008 period before moving on to the private side. Now working to get back in the game. If you trade REITs or are...
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