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Agree with your points. And also skeptical of the BLK comment - though for a venture capitalist joining the board, making this investment sound like it's a futu
by qwrusz 10y ago
Agree with your points. And also skeptical of the BLK comment - though for a venture capitalist joining the board, making this investment sound like it's a future $60B market cap firm is par for the course.
I'm in the industry as well, and I see recruiting and training of new quants to be very inefficient and very expensive right now. I've met for coffee with PhDs in Physics with job offers already from HFs in hand and their first question to me is "what does a quant HF trader do?"
What are your thoughts of Quantopian becomes used more for recruiting and training quants for other HFs than as an asset manager itself?