You got that right
Always remember that SAC is a fund of fund with many PMs that have different trading strategies, and invest in a broad range of products.
You got that right
Always remember that SAC is a fund of fund with many PMs that have different trading strategies, and invest in a broad range of products.
Hit the nail on the head.......MISINFORMATION is the a important aspect. INFORMATION and MISINFORMATION.........hummm come to think of it ....BUSH and RUMSFELD should start up a hedgefund, hell, the whole BUSH administration works like a HEDGEFUND.
Steve Cohen is obviously a good hedge fund head trader. Let's just leave it at that.
Who knows whether he can survive if he were to start prop trading in the same circumstances as many of us. What I do know is that even thought Im profitable at prop, I surely would not know how to run a hedge fund. It's two different ball games. It's like trying to compare arbitrage to speculation.
What Cohen's fund does can be replicated and beaten. But there are obviously some serious barriers to entry like capital, contacts and top information sources. Period.