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by bachback
4635 days ago
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Having worked for a 700M$ quant investment fund, I'd say, uhem no. It's pretty simple: algo investing doesn't work well or at all. algo trading does. nobody publishes very good algorithms. there are perhaps only 20 very good systems in the world. usually they are statistical arbitrage or HF. these kinds of systems are measured in sharpe ratio and turnover at least once a week. although I've spoken to a 25 year old who managed to make a killing auto-trading an emerging market, but these things don't happen at scale. also, Bloomberg is in completely different business. if somebody really wants to work on replacing Bloomberg let me know. this is a huge market, which nobody is working on AFAIK (=~Angellist). |
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