4 ms·
Renaissance is a complete outlier. Most hedge funds - including firms that sell themselves as quants - just lose tons of money. I've been in this industry for
by pid-1 4y ago
Renaissance is a complete outlier. Most hedge funds - including firms that sell themselves as quants - just lose tons of money.
I've been in this industry for a while and folks making high returns solo either:
1) Got lucky for a very short amount of time, then their strategy stopped working. On avg those folks net lose money trying to make "the thing" work again.
2) Were running a super risky levareged strategy and went bust eventually
- antonvs 4y ago> Most hedge funds... What about prop funds, which are trading for their own account? Seems like those wouldn’t keep it up very long if they were losing tons of money.
- MikeDelta 4y agoWe often forget that there are quite a few prop shops out there with just a few people, making a living for many years. Not sure where to find a link to the statistics, but you hear it when talking to the community.