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Yes, he does. I've spoken to a few quants at Soros' fund. He doesn't use them as his main strategy, but if he is, e.g. betting that GM will go bankrupt, he sti
by byrneseyeview 18y ago
Yes, he does. I've spoken to a few quants at Soros' fund.
He doesn't use them as his main strategy, but if he is, e.g. betting that GM will go bankrupt, he still wants a quant to tell him which CDS to buy, or to determine what happens to his portfolio as a whole if X happens to the market.
- jakarta 18y agolet me simplify -- he did not become a billionaire by using quant strategies. He may use them to optimize his trades, but has doesn't actually NEED them. It would have been better if you mentioned Renaissance or one of the funds that are actually driven by quant strategies.