The best thing about it only being January 10 is that I can say, without reservation, that this is the best thing I’ve read all year: n+1’s interview with a hedge fund manager. It includes a useful window into a little-known, but super-interesting, component of modern markets: quantitative trading driven by computer programs!
n+1: And so the computers themselves are making these trades?
HFM: You build the models and the computer does the trading. You actually do all the analysis. But it