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A hedge fund backs research into GPUs because they may deal in finance and GPUs can be used for financial analysis? Not a chance. This has nothing to do with t
by WhitneyLand 9y ago
A hedge fund backs research into GPUs because they may deal in finance and GPUs can be used for financial analysis?
Not a chance. This has nothing to do with their IT department or back office requirements.
- dogma1138 9y agoIt is 100% from their "IT", Citadel is essentially a "Quant" firm. https://www.citadel.com/careers/ultimate-guides/quantitative-researcher/ https://www.citadel.com/careers/ultimate-guides/quantitative... https://wei-tan.github.io/ https://wei-tan.github.io/ https://www.citadel.com/careers/the-data-open/ https://www.citadel.com/careers/the-data-open/
- WhitneyLand 9y agoOk, my mistake. Not a chance was the wrong way to put it. The point is hedge funds have no fundamental link to algorithmic trading or requiring low level GPU optimization as a core competency. Some of them do, and maybe the number is growing, but it’s a subset, not something that defines what a hedge fund has to be.
- nylonstrung 9y agoCitadel is not a pure play quant fund, they have a ton of PMs doing conventional fundamental equities