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I beg to differ - nowadays most successful finance (Citdadel, RenCap, Susquehanna etc) are quant-driven and the primary costs are tech/research talent, data and
by erikig 10y ago
I beg to differ - nowadays most successful finance (Citdadel, RenCap, Susquehanna etc) are quant-driven and the primary costs are tech/research talent, data and servers - very similar to tech companies.
- Mikeb85 10y agoDon't know about quant-driven per se, all do use lots of technology and have large IT staffs, but that doesn't mean tech guys are driving trading strategy. Not much room left for making money off HFT/arbitrage, and while I do know of attempts to trade use AI driven strategy, it's not there yet. When a tech exec transitions to successfully running a hedge fund, that'd be news.