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Renaissance is always cited in these conversations, but as you noted, isn't representative of the thousands of quant shops out there. That, and I hear their qua
by bcherny 9y ago
Renaissance is always cited in these conversations, but as you noted, isn't representative of the thousands of quant shops out there. That, and I hear their quant edge is disappearing with competition and they are relying more on HFT over the last decade.
Quant VCs just started appearing in the last few years, and it's not clear there is an edge there. As I said, my opinion is it's not likely.
- vonnik 9y agoUnlike the stock market, experienced VCs should be applying quantitative techniques to private data they've collected. That's one way to keep their edge. You don't seem to appreciate the distinction. Of course most public-market quants will see their edge fade if their competition has access to the same data. That doesn't refute the initial success of those techniques.
- bcherny 9y agoBoth public and private have access to prop data. Public has more data, since the companies they're covering are bigger and so produce more data.