Saturday, April 20, 2013

Important things learned from pros

Three journals to look at:
Journal of Financial Economics (JFE)
Review of Financial Studies (RFS)
Journal of Finance (JF)

Sushil Wadhwani is managing a fund with the same name. Quantitative strategy, Acquired by Caxton Associate. 

Book about hedge fund. Handbook of Hedge Fund. Francois L'Habitant.
Focus more on academic. Trying to get a research. 


Citadel people go to Jump, especially programmers. 


Also, for Prop trading firms, the founders own everything, and the firm trade using the founders' money. There is no outside investors. And the other difference is that prop firms tend to do more low latency trading, with holding period = 2-3 seconds. While hedge funds hold position longer.

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