How Cliff Asness Became A Billionaire Building a Vanguard ala hedge fund
He did by focusing on systematic trading models no different than Vanguard. Remember they are considered on of the largest HFT players on the planet
Started as a quantitative hedge fund firm, AQR stands for Applied Quantitative Research….Asness has moved away from hedge funds and aggressively into lower-fee, liquid and transparent products, including mutual funds, that use computer models, often to replicate hedge fund returns.
ETF outperform hedge fund and S&P 500 according to Vanguard founder
A while ago I posted this video below. I wanted to add the following articles that came out to prove that ETFs are the way of the future for trading individuals. No more betting with individual stocks or underperforming alternative funds.
“There is deep disenchantment with hedge funds among large investors. People have been paying extremely high fees for very poor performance — performance even a zero fee wouldn’t justify….
The latest figures, which were compiled for FTfm by ETFGI, the consultancy, capture investors’ waning interest in hedge funds. Pension funds in US states including Illinois, New York, Kentucky and Rhode Island, have eliminated or reduced their holdings. The largest US public pension fund, Calpers, announced in 2014 that it was withdrawing entirely after concluding hedge funds were too expensive and complex.
“Trade union trustees on the boards of public pension plans on both sides of the Atlantic have been pushing for ETFs while stock markets have set record highs. They believe that unless and until hedge funds regain their mojo, ETFs are a better, simpler and cheaper alternative.”
Warren Buffett, the billionaire investor and an outspoken critic of fund managers who profit from high fees at the expense of their clients, bet in 2007 that a Vanguard S&P 500 index fund would beat five funds of hedge funds selected by Protégé Partners, an investment company, over the next 10 years.
Also remember that Vanguard is driven by HFT technology as well
The best part of this while argument are there are morons in these industry who think otherwise. It is time they get it together to fully understand small alternative funds either need tp perform or will be shutdown as more institutional funding will go towards performing ETF firms like Vanguard and Blackrock.
Is Microsoft technologies dead for trading and quant with advancements in R Python and Linux?
I know I know. Why would I say that? Good question but the next couple of weeks are completely exploratory. Talking to people in my webinar tonite lead me to be believe that Python is bigger than we know. Especially for those traders getting tossed out of their jobs from banks. They also recognize they need to learn to automate and program to see competitive in the world of modern day trading. Cave men will whine but let’s get real. In London for instance, there are tonnes of discussion with Python out there in the world of finance. It may have started in USA, but it is spreading. OK, yeh I pooed pooed in the past. Now that I got it up and running like here in Linux.
