You actually showed nothing except that you're exhibiting paranoid behavior. Not that I have any proof you actually are paranoid, it's just suspicious how you post paranoid posts here. Are you going to go on record saying you're sure you're not paranoid? See how that works (actually you won't, amazing how the paranoid mind can explain away anything).
Regulators probing legendary hedge fund’s secret trading code
- Thread starter ajacobson
- Start date
Oh Sig... when it comes to paranoia, I've come across posts of people calling you out for being a whack job, but lets not take this to the personal level.
The fact of the matter is that you're convinced they do nothing wrong, and all I'm saying is that there is good reason to be skeptical. I do especially like the article that @Macca1 shared with regards to how HFT is hurting Renaissance. Its very likely they are doing nothing wrong, and as another poster said, because Simons comes from a math background, it would certainly make sense that he is less likely to lie and cheat that someone from banking or finance.
You do still have to wonder though how there seems to be only one fund that is doing this exceptionally well. These days, I think there are lots of smart guys out there, and mining information and data is easier than it has ever been. How have other funds not stumbled onto printing money strategies? Why are the best funds only able to make 10% a year, in good years, or barely breaks even while these guys are killing? Maybe Simons is that much smarter than everyone else, who knows, but there is nothing wrong with asking. Let's not forget that for the longest time, nobody asked Madoff. It took far too long to bring him in, and in fact, it was only the 2008 crisis and too many customer withdrawls that brought him down, not because the regulators finally took initiative.
Slightly off topic....are RenTec's performance numbers known and some what validated ? What are they ? Thanks
A Senator investigating Howard Hughes was proven to be trying to simply take TWA away from Hughes. These investigators nowadays are no less crooked. If somebody asks for your intellectual property or any other property that you developed I'd think that telling them to keep their hands off would be appropriate. If they can't convict based on evidence of what the company does in it's real-world trades then they should be tasked with developing the ability to do so. In the U.S. we could claim 4th amendment rights to our own stuff I'd think.
Longterm Capital used crazy poor risk management.
They also had a room full experienced people with IQ's well above MENSA who lost oodles of their own money running the show.
Amazing story.
