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tagoma
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Posts: 18362
Joined: February 21st, 2010, 12:58 pm

academic HF?

May 31st, 2012, 10:35 am

QuoteAssociate Professor or Published Researcher (with a background in Physics / Applied Maths / Machine Learning for a leading university) opportunity to join an academic hedge-fund that specialises in systematic trading.my dumb question: what's an academic HF?
 
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croot
Posts: 104
Joined: July 23rd, 2006, 8:30 pm

academic HF?

May 31st, 2012, 10:49 am

can't be as good as ltcm
 
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Hansi
Posts: 3300
Joined: January 25th, 2010, 11:47 am

academic HF?

May 31st, 2012, 11:00 am

A HF with people that are good at math and programming but lack of knowledge of how markets and trading work?Maybe www.brainbrane.com? http://www.wilmott.com/messageview.cfm? ... TARTPAGE=1
Last edited by Hansi on May 30th, 2012, 10:00 pm, edited 1 time in total.
 
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ppauper
Posts: 70239
Joined: November 15th, 2001, 1:29 pm

academic HF?

May 31st, 2012, 11:47 am

QuoteOriginally posted by: crootcan't be as good as ltcmthat's the one I thought of as well
 
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EscapeArtist999
Posts: 1620
Joined: May 20th, 2009, 2:49 pm

academic HF?

May 31st, 2012, 11:52 am

QuoteOriginally posted by: ppauperQuoteOriginally posted by: crootcan't be as good as ltcmthat's the one I thought of as wellltcm was not a systematic trading fund - Rentec or Shaw are the obvious ones that come to mind - they are run by academics. LTCM was never run by the academics and while being a lot more "educated" than you're typical hedge fund I would not have described the place as academic.
 
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ppauper
Posts: 70239
Joined: November 15th, 2001, 1:29 pm

academic HF?

May 31st, 2012, 12:36 pm

indeed (and the OP asked what's a academic HF, not what's an academic HF that specialises in systematic trading), but seeWhen Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein published by Random House in 2000. (ISBN 0-375-50317-X)QuoteThe book tells the story of Long-Term Capital Management (LTCM), an American hedge fund which commanded more than $100 billion in assets at its height. Among LTCM's principals were several former university professors, including two Nobel Prize-winning economists.
 
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mit
Posts: 1169
Joined: February 5th, 2005, 4:52 pm

academic HF?

May 31st, 2012, 1:10 pm

a hedge fund that does academic research
 
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tagoma
Topic Author
Posts: 18362
Joined: February 21st, 2010, 12:58 pm

academic HF?

May 31st, 2012, 5:12 pm

QuoteOriginally posted by: mita hedge fund that does academic researchthank you all for your imputs. why would a hedge fund carry out academic research? has this industry the willingness/time(/money) to do basic research (the R of R&D)?
 
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EscapeArtist999
Posts: 1620
Joined: May 20th, 2009, 2:49 pm

academic HF?

June 1st, 2012, 8:29 am

QuoteOriginally posted by: ppauperindeed (and the OP asked what's a academic HF, not what's an academic HF that specialises in systematic trading), but seeWhen Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein published by Random House in 2000. (ISBN 0-375-50317-X)QuoteThe book tells the story of Long-Term Capital Management (LTCM), an American hedge fund which commanded more than $100 billion in assets at its height. Among LTCM's principals were several former university professors, including two Nobel Prize-winning economists.First of all, the Scholes etc were not really the guys in charge making the big trading decisions. Second of all - look at what the OP references: join an academic hedge-fund that specialises in systematic trading. - he's not asking about arbtrage style funds - he has notr explicitly asked about systematic, but to answer the question he is implying then yes it is systematic. ppauper - you really disappoint me with is - I wuold delete your response if I were you.
 
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ppauper
Posts: 70239
Joined: November 15th, 2001, 1:29 pm

academic HF?

June 1st, 2012, 9:41 am

read the last line of his post !QuoteOriginally posted by: edouardmy dumb question: what's an academic HF?
 
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ppauper
Posts: 70239
Joined: November 15th, 2001, 1:29 pm

academic HF?

June 1st, 2012, 9:44 am

we've been answering different parts of his post:croot, Hansi, mitt and I answered his "dumb question"EA addressed the job ad he quoted
 
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EscapeArtist999
Posts: 1620
Joined: May 20th, 2009, 2:49 pm

academic HF?

June 1st, 2012, 10:04 am

QuoteOriginally posted by: ppauperwe've been answering different parts of his post:croot, Hansi, mitt and I answered his "dumb question"EA addressed the job ad he quotedLTCM was not an academic hedge fund other than it had many economics profs (past and present then) working for them. It was run by John Meriwether - who was not and never will be an academic (I may eat my words on this one)Given the context he brings up, discussing LTCM is USELESS to him/her, whereas as Shaw/Rentec is somewhat more relevant. And I would argue that the environment at Shar and Rentec is FAR more academic.
Last edited by EscapeArtist999 on May 31st, 2012, 10:00 pm, edited 1 time in total.
 
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daveangel
Posts: 17031
Joined: October 20th, 2003, 4:05 pm

academic HF?

June 1st, 2012, 10:44 am

Quote It was run by John Meriwether - who was not and never will be an academic (I may eat my words on this one) Meriwether taught high school maths for a year
Last edited by daveangel on May 31st, 2012, 10:00 pm, edited 1 time in total.
knowledge comes, wisdom lingers
 
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ppauper
Posts: 70239
Joined: November 15th, 2001, 1:29 pm

academic HF?

June 1st, 2012, 10:50 am

>>Academic Hedge fund vs. Citadelwww.wilmott.com/messageview.cfm?catid=16&threadid=48018QuoteOriginally posted by: MotiHi all!I've been reading around the forums and you guys have some great stuff.I have a decision to make soon, and would like to have your experienced input.I have an offer from Platinum Grove Asset Management (sort of like the resurrection of LTCM with Myron Scholes and Merton on the top again) to do quant work, with potential to develop into a junior trader eventually. I also have another offer from Citadel, but it's their FTAP program, so I'm afraid it's going to be more technology than finance. The pay for both is about the same; besides, I'm not as concerned about initial compensation as the potential to learn and grow.My background is masters in electrical and computer engineering, with a good amount of theoretical math courses mixed in.What do you guys think? Which place is better for a finance newbie like me, for now and for the near future?Thanks a lot in advance!MotiMoti thinks Platinum Grove Asset Management was an academic HF
 
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ppauper
Posts: 70239
Joined: November 15th, 2001, 1:29 pm

academic HF?

June 1st, 2012, 10:52 am

let's agree to disagree !
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