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Actually, there was a link about this a little while back: http://www.bloomberg.com/apps/news?pid=20601109&sid=ayjImYcoCiH8 http://www.bloomberg.com/apps/news?p
by marvin 19y ago
Actually, there was a link about this a little while back: http://www.bloomberg.com/apps/news?pid=20601109&sid=ayjImYcoCiH8 http://www.bloomberg.com/apps/news?pid=20601109&sid=ayjI....
I am fascinated no end that a group of nerds is able to game the system to such an astounding degree. In this century, it isn't by gaming the casino that loads of cash can be made.
These guys run a hedge fund that is so successful it no longer accepts money from the public, and only manages the assets of its own employees. Using different secret strategies and to an extent human-supervised automatic trading. Its annualized return since its birth in the eighties has been on the order of 37%.