Tag Archives: Rise

Rise of the Quant Fund? 24% vs that Quantopian 1.3%

Rise of the Quant Fund? 24% vs that Quantopian 1.3%

How does that from Quantopian look now?

From Bloomberg, Apr 5, 2016, 5:00:00 PM

Quantedge Global Fund returned 24 percent this year through the end of March as most peers tumbled, helping it to rebound from last year’s loss.

To read the entire article, go to http://bloom.bg/1SyIafI

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Rise of wealthy forex traders in London video!

Rise of wealthy forex traders in London video!

Now this is excessive wealth. I mean really excessive as I never seen anything like this before. Actually, my jaw is still on the floor

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Rise of the quant running Goldman Sachs investment bank with Tecchnology

Rise of the quant running Goldman Sachs investment bank with Tecchnology

Do I really need to say anything further on this?

https://quantlabs.net/blog/2014/06/confirmed-that-the-quant-and-software-developer-are-in-charge-at-goldman-sachs/

http://news.efinancialcareers.com/us-en/174323/rise-quants-goldman-sachs/?utm_campaign=MC_EDI&utm_source=AMS_US_ENG&utm_medium=EM_NW#sthash.SkbvhVoH.dpuf

http://www.bloomberg.com/video/blankfein-bloomberg-on-role-of-tech-in-business-jfVG3yDRRuWCSwcC6SJQRg.html

 

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Despite Jim Rogers predicting Japan’s stock market rise, hedge fund manager Dan Loeb feels the same way including Sony Entertainment

Despite Jim Rogers predicting Japan’s stock market rise, hedge fund manager Dan Loeb feels the same way including Sony Entertainment

I highlighted what Jim Rogers said here:

https://quantlabs.net/blog/2013/05/jim-rogers-predicts-a-financial-meltdown-but-prefers-forex-currency-russian-ruble-japanese-stock-market-and-short-us-bond-aka-treasury/

Mr Loeb expressed his support for Prime Minister Abe in his letter: “Sony stands at the crossroads of compelling corporate opportunity and massive Japanese economic reform.

 

“Under Prime Minister Abe’s leadership, Japan can regain its position as one of the world’s pre-eminent economic powerhouses and manufacturing engines.”

http://www.bbc.co.uk/news/business-22533446

I also read on Morningstar there were some other analysts who felt the same way!

Hmm….. Maybe you should join my FREE newsletter on these kind of trading tips?

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Asia is on the rise — so why hedge funds and family offices choose Singapore

Asia is on the rise — so why hedge funds and family offices choose Singapore

Global financial players like Tudor, Fortress and Bluecrest have expanded their local presence in Singapore and view Asia as an unique market set with many interesting investment opportunities, where many different strategies across various business units can be applied. This confirms Singapore’s reputation as a reliable wealth management center. International family offices are also opening offices there to establish a safe hub for the family assets and its related management. Compared to ten or even five years ago, Singapore today offers a rich ecosystem for alternative investment managers. Close to 30 fund administrators are now in Singapore, according to the newly published Opalesque 2012 Singapore Roundtable.

The 26 page Roundtable script (PDF) can be downloaded here for free: http://www.opalesque.com/RT/RoundtableSingapore2012.html

 

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While a lot of money is invested in Asia, a good amount of it is actually recycled money – meaning that the funds were created through excess savings in Asia. Those funds were then channeled out to Western institutions, who reinvest them back into Asia.

To read more download the 26 page Roundtable script (PDF) for free: http://www.opalesque.com/RT/RoundtableSingapore2012.html

 

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Carlyle assets rise, performance fees fall in 1st earnings statement

Carlyle assets rise, performance fees fall in 1st earnings statement

pionline.com

Carlyle Group on Tuesday reported fee-earning assets under management of $117 billion as of March 31, up 5% from three months earlier and 8.8% higher than a year earlier, while total AUM was $159 billion, up 8% for the quarter…

 

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I Trade CG and it’s brothers based on 30 minute moving averages

 

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Outlook for high frequency trading in 2012 * The Rise of high frequency trading * Pros and cons of high frequency trading

Outlook for high frequency trading in 2012 * The Rise of high frequency trading * Pros and cons of high frequency trading * The drive for liquidity and low latency * Moving to other asset classes

http://www.dofonline.co.uk/content/view/5907/116/

In this article, we address:

* The Rise of high frequency trading
* Pros and cons of high frequency trading
* The drive for liquidity and low latency
* Moving to other asset classes
* Impact of regulation

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http://www.dofonline.co.uk/content/view/5907/116/

 

Thanks, that was an interesting read. I am keen to see how regulators will address flash crashes during 2012 (am I correct in thinking these are also referred to as ‘Black Swans’?)

For me the most attention-grabbing point was the drive to co-locate to improve latency. This is certainty something I am seeing demand for in the market and there is a clear trend forming, the larger exchanges are making strategic acquisitions enabling them to provide co-location services.

 

 

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The Rise of Cloud Computing for Quant Development on Wall Street

The Rise of Cloud Computing for Quant Development on Wall Street

Looking to cut their capital expenditures on servers and applications, financial services firms are warming up to private clouds run outside their firewalls.

As Wall Street continues to struggle with volatile markets, uncertain global economic conditions and vanishing profits, many firms are looking to reduce their capital expenditures. Targeting the costs of building data centers and maintaining server farms, more and more Wall Street organizations are looking to outsource pieces of their infrastructures to the cloud.

While all of the largest financial firms already are experimenting with cloud technology in non-production areas such as server provisioning and storage networks, most remain cautious about security and refuse to let client data leave the relative safety of their own facilities.

After facing sluggish profits and lower trading volumes last year, however, Wall Street firms are looking to convert large, up-front “cap-ex,” or capital expenditures, into more variable “op-ex,” or operational expenditures. As financial firms react to tighter IT budgets and the pressure to allocate resources to developing new products and entering new markets, the adoption of third-party cloud-based applications and services is expected to gain momentum in 2012.

wallstreetandtech.com

Looking to cut their capital expenditures on servers and applications, financial services firms are warming up to private clouds run outside their firewalls.

 

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For more info, please visit our subgroup –

Financial Services Cloud Computing

http://www.linkedin.com/groups?about=&gid=4167434&trk=anet_ug_grppro

 

 

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China’s Fall, Not Its Rise, Is the Real Threat to the Global Economy: View

China’s Fall, Not Its Rise, Is the Real Threat to the Global Economy: View

Bloomberg

China’s rise to global prominence has long preoccupied the leaders of the developed world. They should be more concerned about what happens if the country’s growth falters.

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This would be a true black swan event both economically and sociopolitically.

 

a black swan event as summarised by Nicholas Taleb in his book on the subject has as its first attribute ”it is an outlier that lies outside the realm of regular expectations because nothing in the past can convincingly point to its possibility.”
Because of the exhaustive analysis already undertaken on the likely effects of a China ‘fall..’ this does not qualify as such but I agree with you its event would be incalculable and totally unpredictable making all ‘theories’ of its impact a complete waste of time as Taleb demonstrated most eloquently.

 

I am more than happy to stand partially corrected, as much as we tend to speculate on crashes and their downstream effects, just like the Japanese tsunami and earthquake shocks on reactors, any Chinese collapse and its collateral damage is likely way beyond our imaginings. Just imagine the effect on global retail having little or no supply

 

Well we could go back to rebuilding manufacturing capacity again – just like the good ole days! and all those clever guys in finance can switch over to help stimulate our creative sciences which created our wealth in the first place. Every cloud has a silver lining my grandmother taught me……

 

But then what would happen to the “service industry” which the talking heads believed was the new economy.

 

Would Taleb classify 4Q 2008 events as a Black Swan?

 

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Taleb went on to say the second attribute was it carries an extreme impact, and third in spite of its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable. Whether one thinks 2008 is properly explainable is potentially a moot point perhaps?
He also said that many Black Swans can be caused and exacerbated by their being unexpected eg as in 9/11. Black Swan logic makes what you don’t know far more relevant than what you do know.
What I especially like with him is when he points out is our blindness with respect to randomness, particularly the large deviations. Whether scientists or not, hotshots or regular Joe’s see the pennies instead of the dollars, focusing on the minutae not the possible significance of large events and why reading the newspapers actually decreases one’s knowledge of the world……..

 


It’s something I feel quite often as well, unless one is some kind of genius being able to extract itself out of the daily news and make out a pattern, it’s hard to see the big things.

So here my question to you and everybody else: What would be the best way to read or follow developments in order to be able to spot the longer term trends properly. Who are the best future or trend predictors?

 


The Spx drop in September 2001 was predicted by me, so it was not a Black Swan event. During a class at GT on 08/23/2001, I stated that the Spx would drop 25-30% during the month of September 2001. Some of my classmates laughed at me. He who laughs first does not always laugh last. Unfortunately, I did not copyright that prediction, but I have since. Thank you.

 

–Making a pattern out of the daily news is a combination of very many factors such as experience, understanding, knowledge and so forth. By observing the known factors one can focus on the unknowns or less obvious factors using the above skills. You know what is, ‘hot’ is history (buyers have bought) what is cold could become hot. Which is why following the news distracts one soemtimes from looking somewhere else instead. I was once in Kuwait meeting with the deputy governor of the Central Bank and I asked him if he thought Iraq would invade and he said No America would not allow it. I decided he was incorrect and bought oil fuutures for clients and the Bank, two weeks later Kuwait was invaded. Sometimes it can be intuitive. In 1987 I had an awful premonition Wall St was looking terrible and in September sold two thirds of client holdings, and shorted a few leading stocks. In May this year I was convinced silver was going to go parabolic, encouraged I have to say by the charts then but there are no market physics as far as I know ! but some people such as Ed Yardeni and Peter Schiff have great track records.
For the record I am sure that gold and silver will be higher in 3 years time than now and much higher in ten, certainly the upside is greater than the downside. Why? a combination of all the above. Hope this answers your question somewhat.

 

 

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