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One thing I always assume about quantitative finance research, is that by the time it’s published in a journal some trading desk on Wall Street has already been
by ipnon 3y ago
One thing I always assume about quantitative finance research, is that by the time it’s published in a journal some trading desk on Wall Street has already been using some version of the result for years. There is simply too much money to be made. Unfortunately for us there is also incredible secrecy and siloing of these innovative results.
- evrydayhustling 3y agoI think "useful but late" is a tiny minority of the research that might come across your feed. The more common category is "advertising formatted as research". There are many traditional money managers that would like to allocate to quant strategies because they are ostensibly uncorrelated with their existing investments. But the exact fact that these investors are traditional makes it difficult for them to access and evaluate meaningful quant opportunities. As a result there is a huge volume of aspirational research designed to attract attention and thus funding from this group, but which hasn't had any meaningful peer or market vetting.