WorldQuant coders are low-cost alternative to PhDs
Another trading model and alternative hedge fund look for algos to make top dollar globally. Coders are also signing up to earn a new payment methos
WorldQuant, a quantitative hedge fund that manages more than $4.5 billion for Millennium Management LLC, already has more than 120 full-time PhDs scouring everywhere for recurring patterns that might boost returns. But in this increasingly competitive corner of finance, that’s not enough.
http://www.livemint.com/Industry/gMOX36FczIDMzuTKC1pCLJ/WorldQuants-hunger-gamers-are-the-lowcost-alternative-to-P.htmlNOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!