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If you don't mind me asking, who are the other games in town?
by standeven 6y ago
If you don't mind me asking, who are the other games in town?
- fractionalhare 6y agoBasically any established HFT, though they're market making instead of market taking. TGS. Baupost. Soros had an excellent run for like 30 years. Simons' family office, Euclidean, does well. A lot of under the radar family offices which don't have stringent reporting requirements. Various groups in Citadel, Point72 and Millenium. Appaloosa. A bunch of prop trading groups in the Chicago area. And outside of quant, the top long/short equity funds regularly do well. Like Coatue.
- TedDoesntTalk 6y agoI looked at a few of these; none seems to take investment from average joes. Even if i show up with $1M in cash, doesn't look like any doors are open. Is that accurate?
- deleted 6y ago[deleted]
- short_sells_poo 6y agoTo most of these firms, a new client with $1mln is not worth the hassle at all. On the off chance some capacity is freed up, its given as priority to clients who have 100s of millions invested already. To a degree it's a privilege to invest in this league.
- fractionalhare 6y agoYeah. A well-performing fund will never open its books for a seven figure check. They could likely find a senior employee (not even a partner) willing to invest that. Another investor is another person you have to have a relationship with.
- prostoalex 6y agoWith Renaissance (and a few others) a significant number of employees have an above average net worth, and choose to invest their spare capital with the fund, slowly crowding out any outsiders. Bona fide lack of access for outside investors is probably a strongly positive signal in this industry.