Ex-Deutsche Bank Trader Builds $6 Billion Fortune on Trading Boom; Alex Gerko's London-based quant t

ETJ

ETJ

Ex-Deutsche Bank Trader Builds $6 Billion Fortune on Trading Boom; Alex Gerko's London-based quant trading firm has benefited from market swings, paying out almost $1.6 billion in dividends so far this year.
Tom Maloney - Bloomberg
The low interest rates and government stimulus that drove Wall Street's record trading profits during the pandemic may have faded, but volatility remains high. And that's creating enormous fortunes. One beneficiary has been Alex Gerko, the founder of quantitative trading firm XTX Markets. His London-based company handles almost $300 billion in daily volume across equities, commodities, currency and fixed income. It paid out a dividend of almost £1.3 billion ($1.6 billion) in March - more than triple the amount from a year earlier, according to accounts filed with Companies House.
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https://en.wikipedia.org/wiki/XTX_Markets

https://www.xtxmarkets.com/articles/crd-disclosures/

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Of course, especially when first stating that the fund is a macro focused fund investing in wide ranging asset classes and then quoting dividends paid out as the only source to lend credibility to the performance numbers of this funds. I would be very curious how their special situations desk, fx team, and corporate bond team performed over the same period.

Probably scored most on the equities and market making side.

Also the estimate of his wealth does not add up at all. It is irrelevant how much he owns of the firm, what matters is his share of the funding in the firm. How would an ex trader who appeared on the landscape just a decade ago scoring billions in profits for himself over 10 years even if his find returned 20-40% on average per annum over 10 years? By my calculations we would have had to have 214 million dollars invested of his own wealth and generate 40% every single year to get to 6bln today. I highly doubt that.

Sekiyo said:
It pays to provide liquidity
Front run clients ?
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M.W. said:
Of course, especially when first stating that the fund is a macro focused fund investing in wide ranging asset classes and then quoting dividends paid out as the only source to lend credibility to the performance numbers of this funds. I would be very curious how their special situations desk, fx team, and corporate bond team performed over the same period.

Probably scored most on the equities and market making side.

Also the estimate of his wealth does not add up at all. It is irrelevant how much he owns of the firm, what matters is his share of the funding in the firm. How would an ex trader who appeared on the landscape just a decade ago scoring billions in profits for himself over 10 years even if his find returned 20-40% on average per annum over 10 years? By my calculations we would have had to have 214 million dollars invested of his own wealth and generate 40% every single year to get to 6bln today. I highly doubt that.
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%%
WE'VE seen so many scams, some named Fried fried so many.
Bloomberg article[JAN 2019] called them a market maker...... so sounds like they are way above average/ but that's just a guess+ cant prove that.
Good thing they dont seem to be part of the muni bond whale size losses that almost drowned DB
 
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