5 ms·
Yeah, that's some nice marketing. Tangentially: I've heard that Nunzio Tartaglia -- despite the astrophysics background -- was basically a banker installed by
by auntienomen 6y ago
Yeah, that's some nice marketing.
Tangentially: I've heard that Nunzio Tartaglia -- despite the astrophysics background -- was basically a banker installed by MS to keep a leash on the quants at APT. He took over, pissed off Bamberger, and that set off the stat arb diaspora.
- TuringNYC 6y agoIs there a good book of history on this? I read a bit about it on the Barton Biggs' book Hedgehogging, but there were only two chapters. I feel like Process Driven Trading Partners must have some great stories that can fill multiple books.
- auntienomen 6y agoAPT, not PDT. PDT also began as part of Morgan Stanley, but it didn't come along until much later. I don't know of any book.
- ericjang 6y ago"The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution" discusses the lineage of Shaw, Tartaglia, and his predecessors briefly. I think some more academic texts on Pairs Trading and Stat Arb will mention the PDT team as well.
- faizshah 6y agoThe only other book that covers this as far as I know is The Quants by Patterson.
- scottlocklin 6y agoEd Thorp talks about it a little. https://www.valuewalk.com/2016/09/1850840/ https://www.valuewalk.com/2016/09/1850840/