We agreed on $50m to start with. Thanks all for their input.

<t>This is an established firm with great returns; they have the infrastructure. Their trading is based on fundamental analysis of companies. They want to launch the quant product as a new one to investors. They will ask for seed money from investors; they won’t give it to me. FYI, two of us manage ...

If someone asks you how much of seed money you need to start a market-neutral equity HF with a Quant focus, what would you say?

<t>I saw the following from someone. I didn't quite get the last sentence:Once stock price falls to 100% of exercise price, surrender value change does offer full protection/hedge against fall in stock price (even though delta is less than 100 at that point)Therefore, protection/hedge against market...

Those options are not listed. Some of my stocks don't have options. I don't want to lose all of them even if hits 60.

Buy call options and delta hedge?

<t>I picked a stock based on fundamental analysis. My target was 60. I bought some at 29, then at 30 and 31. It went to 37 but I did not sell any. It dropped all the way to 26 and I bought some more. Then it went slowly back to 40; again I did not sell any. The stock is trading at 46. I made a lot o...

<t>Goldman sets up hedge fund cloneBy Steve JohnsonPublished: December 3 2006 19:43 | Last updated: December 3 2006 19:43Goldman Sachs has become the first bank to create a hedge fund replication tool in a move that could lead to a shake-up of the $1,300bn hedge fund industry.The platform will great...

<t>Hedge-Fund Returns Can Be Matched Without Fees, Professor Says posted on Tuesday 28 Nov 2006 05:09 GMT From Bloomberg - see full story Bloomberg reports that hedge-fund investors could earn greater returns at a fraction of the cost, according to research by Cass Business School Professor Harry Ka...

<t>When the English mathematician G. H. Hardy visited the Indian mathematician Srinivasa Ramanujan, he remarked that 1729, the number of the taxicab he rode in, was a dull number. Ramanujan immediately disagreed, pointing out that 1729 was interesting because it was the smallest positive integer tha...

I will appreciate any discussion on kelly ratio is sizing a portfoilo. A colleague of mine distrusts optimizers because results could be unstable and depend on too many things.

Does anyone have a simulation (in Excel) for the P&L of a put option?Thanks.

<r>William Sharpe has the following matlab code on his website. Has anyone translated it in VBA?function [C,sda,CC,e] = wcov(R,h);% [C,sda,CC,e] = wcov(R,h);% produces a weighted covariance matrix using a specified half-life% also produces standard deviations, correlations and expected values% varia...

Does anyone have access to it? I need an article from there.Thanks.

<t>When I first went for an interview as a quant in a big bank, I met a Director of Risk Management. I thought he was the Director, the head. But he was a Director, a title, the banks have many of them. You may have a quicker path to a Managing Director if you are in sales because they have more peo...