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RenTech was founded years before LTCM and is still going strong. It's not repetition of history, they've outlasted or are older than most of the trading desks e
by bidirectional 5y ago
RenTech was founded years before LTCM and is still going strong. It's not repetition of history, they've outlasted or are older than most of the trading desks ever. They're basically a business providing a service to other market participants and executing that incredibly well, it's quite unlike the arbitrage LTCM was involved with.
- DebtDeflation 5y agoAnd Bernie Madoff founded his firm two decades before Ren Tech, hell at one point he was the Chairman of NASDAQ.
- carnitine 5y agoThat was a scam. Are you accusing RenTech of being dangerously overextended like LTCM, or a scam like Madoff? Considering the Medallion fund takes no outsider capital, that would be quite a strange way to run a Ponzi scheme.