Inside Red Cedar, a new quant hedge fund from Alexander Chernyy - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

México Noticias Noticias

How this new hedge fund led by a former WorldQuant and Jefferies executive is uncovering new datasets to avoid the pain that hit quants in 2020

The goal of Red Cedar consistently on the cutting edge thanks to new datasets. The manager is working ExodusPoint'sChris Petrescu's new company CP Capital to source new datasets that are not already in use by other players in the space.

The firm plans to research and test 50 datasets by year-end and hopes to use 35 of the datasets producing alpha in their portfolio by 2022's start — with the near-term goal of having both datasets in the portfolio and assets double every year.Chernyy, who came to the States to work DE Shaw, ran WorldQuant's Moscow and St. Petersburg teams of roughly 35 people when he worked Igor Tulchinsky, and his new fund plans to tap into talent in his home country.

Chernyy said the goal is to have "anything that can be outsourced should be outsourced," including research, though he will lead the research efforts from Stamford, Conn. "We want to take advantage" of the cheaper labor and untapped potential in these countries, he said. The missions statement, Chernyy and Dean reiterated several times, is to not take the easy trades and focus on building a portfolio that can't be found anywhere else.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 729. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

How a quest to build ethical AI detonated a battle inside Google - Business InsiderGoogle employees consider jumping ship for Facebook and Microsoft after firings, reorgs and mounting tension in its AI division Google/YouTube are crooks. They stole my 9/11 video. They disrespect 9 /11 survivors. 911TribMuseum techinsider not sure they're going to be satisfied with the state of ethical AI at FB techinsider Jumping ship? That is really funny. They must be reading the stuff I write? And it is also the reason why sundar is in charge - gummy and slopey made a huge devious mess then jumped ship.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

How a year of rising tension inside Google led to its first union - Business InsiderGoogle once stood for 'Don't be evil.' Insiders describe how it spiraled into a culture of mistrust that helped build a union aiming to keep management in check. thanks Google is EVIL. They may try to show it otherwise, but ask the black folks and other minorities who work there how they feel about working in this Gulag. It’s too big, needs to be regulated.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

MyPillow guy Mike Lindell: The inside story, in Trump's final days - Business InsiderThe MyPillow CEO is a former bankrupt gambler who made – and might soon lose – millions thanks to a religious devotion to Trump Trump was president and is a businessman bankrupt by incompetence, but he starts a new career as a leader of U.S. internal terrorists, who can exterminate millions of white Americans, blacks and poor immigrants, with the help of his fanatical followers. How are things with the capitol now? My Shillow. Country over Pillow.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

GPS data shows Trump supporters made it deep inside US Capitol - Business InsiderGPS data tracked 618 videos from Parler users inside the US Capitol last week. The mob made it deep inside the building. Well no kidding... That's what happens when the authorities welcome them in, and then directs them to the House Floor. OH! And lets not forget about the selfies the cops took with 'protesters' either.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

My Pillow guy Mike Lindell: The inside story, in Trump's final days - Business InsiderThe My Pillow guy is a former crack addict and bankrupted gambler who made – and might soon lose – millions thanks to a religious devotion to Trump This headline is NUTS lmaoooo 🤷‍♀️ETTD So in other words he turned his life around and now we need to cancel him for having a different political opinion
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »