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But that's not quite accurate. You see, while these guys are in Finance, at least 1/3rd of the above have serious hacking skills, not traditional finance skill
by cellis 16y ago
But that's not quite accurate.
You see, while these guys are in Finance, at least 1/3rd of the above have serious hacking skills, not traditional finance skills;
James Simons - math, but closer to hacker than financier
Kenneth Griffin - was financial hacker , not a dealmaker
DE Shaw - another hacker, a computer scientist/compbio
- apsec112 16y agoNone of the above except Shaw are technology people. Simons is a mathematician, and Griffin seems to have a pure finance background: "While still at Harvard University, he started two funds from his dorm room, and he claims that in between classes he would make trades. He even installed a special satellite link to his dorm to acquire real-time market data. After graduating with a degree in economics, he won the attention of an investor named Frank C. Meyer, founder of Glenwood Capital [1]. Meyer was amazed at Griffin's success and rate of return with his investments (which at the time were largely based on convertible bonds), and provided a relatively small investment for Griffin to invest ($1 million) [2]. Griffin exceeded Meyer's expectations, and as word of his strong performance spread, investors persuaded to back Griffin. Citadel was officially founded Nov. 1, 1990 with $4.2 million; the name "Citadel" was chosen to suggest strength in times of volatility [3]." - http://en.wikipedia.org/wiki/Kenneth_C._Griffin http://en.wikipedia.org/wiki/Kenneth_C._Griffin