One of the World's Most Successful Hedge Funds is Facing an Employee Rebellion Over Donald Trump

sle · Mar 1, 2017

bone said:
This is pure treacle, and Renaissance will be just fine. The HF and bank desk trading environment has become so condensed and rarified that the idea of mass defections from a highly successful HF over of all stupid things politics is IMHO bullshit.

Who said anything about politics? It would be just a team move, happens all the time - if the guy is liked, his minions might follow him wherever he's going to land.

PS. Successful stat-arb/HF PMs seem to be in demand, at least in my recent experience.

sprstpd · Mar 2, 2017

Sig said:
They obviously aren't, but I'll certainly take one over a bunch of jackasses that Esquire put together who sit around pontificating without even knowing the actual facts of the case!

In a technical case like this, I would trust the judgement of people in the industry, rather than a jury assembled from the public.

Sig · Mar 2, 2017

sprstpd said:
In a technical case like this, I would trust the judgement of people in the industry, rather than a jury assembled from the public.

I theory, sure. Just like a men's magazine is probably not going to do a good job covering a technical case like this?
However, maybe I'd trust anyone who had the actual facts about a case over those who didn't and were admittedly just speculating? And maybe, just maybe, you might want to get the opinion of a software company owner who put a significant part of their net worth into paying developers to build proprietary code? Rather than just a bunch of developers who claimed that it was fine to steal code and take it to your next job because everyone did it, even though I guarantee every one of them signed an agreement specifically saying they wouldn't and just thinking about it for two seconds under nearly any legal or ethics system shows it to be illegal and wrong? You know that whole part about how all sides of an issue are represented in a case we've got going here in the U.S.?

sprstpd · Mar 2, 2017

Sig said:
I theory, sure. Just like a men's magazine is probably not going to do a good job covering a technical case like this?

I'm pretty sure the author of that article is Michael Lewis. The one who wrote:

Liar's Poker
The New New Thing
The Big Short
Flash Boys

He writes about technical subjects and he does a pretty good job covering them.

Sig · Mar 2, 2017

sprstpd said:
I'm pretty sure the author of that article is Michael Lewis. The one who wrote:

Liar's Poker

The New New Thing

The Big Short

Flash Boys

He writes about technical subjects and he does a pretty good job covering them.

The guy who has a very public beef with pretty much the entire investment banking industry, that guy? Talk about bias!

sprstpd · Mar 3, 2017

Sig said:
The guy who has a very public beef with pretty much the entire investment banking industry, that guy? Talk about bias!

Just because he has a beef with the investment banking industry, doesn't mean he is wrong. Have you even read any of his books? Apparently you are in favor of protecting corporate interests (apparently because you own a business), while letting individuals hang out to dry.

Sig · Mar 3, 2017

sprstpd said:
Just because he has a beef with the investment banking industry, doesn't mean he is wrong. Have you even read any of his books? Apparently you are in favor of protecting corporate interests (apparently because you own a business), while letting individuals hang out to dry.

Actually I have read all his books, I think he's a great author. But no one, least of all him, would claim he doesn't have a bone to pick with the i-banking industry. Merely pointing out a "jury" needs to be either unbiased or at the very least represent both points of view on an issue. The Salon "jury" was neither.
At this point we're just going point by point through exactly the same fallacies you brought up in the last thread on this, so why don't you just go reread that and give it a rest.

bone · Mar 3, 2017

Back to the original premise: do not bring politics into the workplace. An avoidable distraction.

sprstpd · Mar 4, 2017

Sig said:
Actually I have read all his books, I think he's a great author. But no one, least of all him, would claim he doesn't have a bone to pick with the i-banking industry. Merely pointing out a "jury" needs to be either unbiased or at the very least represent both points of view on an issue. The Salon "jury" was neither.
At this point we're just going point by point through exactly the same fallacies you brought up in the last thread on this, so why don't you just go reread that and give it a rest.

Good idea. Yes, I suggest you reread it and give it a rest.

Van_der_Voort_4 · Mar 24, 2017

If you don't go back to Renaissance — what's next? Our tavern opens in a few weeks. ...
I stopped working when I moved [to the Philadelphia area in 2010]. But I found I need to be mentally active. I don't think the restaurant business will keep me mentally active.
Start your own fund? It's not that I can, or would, start my own fund. I'm a programmer.
Professor? I taught at Penn 2 years. That didn't go well. The kids didn't like me, I didn't like them.

http://www.philly.com/philly/blogs/...ercer-Bannon-Conway-instant-billionaires.html