• stevecohen4

    Hedge Funds

    Steve Cohen Is A Quant Now

    Well, he’s not, but 30 of his new employees are.

    / Mar 10, 2015 at 4:26 PM
  • Math!


    Banks Continue To Enjoy Their Once-In-Four-Years Fun

    The entire world outside the borders of the United States of America is transfixed by the Quadrennial International Tournament of Soccer, or “World Cup,” which began yesterday when one country that some Americans have heard of defeated a team that fewer Americans have heard of. Now, if you happen to be one of the handful […]

    / Jun 13, 2014 at 4:14 PM
  • News

    D.E. Shaw Geniuses Build Their Greatest Model Yet

    Do you worship at the Temple of Chipotle? Do you refuse to make use of the online order option that allows you to bypass the line, as one half of Team Dealbreaker does, but unlike said burrito lover, prefer not to show up before 12 so as to beat the rush? Would you die before patronizing some inferior establishment for lunch but would also like to know what kind of wait you’re going to be dealing with before making the trip, or, alternatively, not really care how long you have to wait but just get off on predicting stuff to a 3-sigma confidence level? Some enterprising D.E. Shaw employees have got covered.

    FYI- D.E. Shaw employees have built a model that predicts the length of the line at the Chipotle down the street from the 1166 Ave of the Americas office. Not only that, they are really excited about how accurate it is.

    Obviously this needs to be shared and disseminated ASAP, for the greater good, unless it’s being kept proprietary at this time for reasons that involve a little something called the DE Shaw Chipotle Line Length Fund I and investors who would pay 2 and 20, nay, 3 and 50 to get in on this little money-making machine.

    Related: Tools Of The Trade: How To Prove To DE Shaw You’re DE Shaw Material

    / Aug 29, 2012 at 1:47 PM
  • Whaledemort

    The Whale and the Quants

    If you’d like some non-real-time insight into the London Whale, may I highly recommend this oral history, by Edinburgh sociologists Donald MacKenzie and Taylor Spears, of how investment banks came to price and trade and hedge things like the index CDS that the Whale dabbled in? It made me tear up a little. It is […]

    / Jun 13, 2012 at 11:19 AM
  • News

    Obama Reelection Campaign Looking To Hire A Few Good Quants

    If you know anyone who’s interested.

    / Oct 11, 2011 at 3:21 PM
  • News

    SAC Capital Quants Don’t Do This “Conference Room A, Conference Room B” Crap

    They also need a ruling on Lagrange versus Laplace.

    / Aug 29, 2011 at 3:10 PM
  • News

    Steve Cohen Gives The People What They Want

    Or at least one of the things on a wish list that includes a revealing 12-month wall calendar, Zamboni rides, a full deck of cards, karaoke night, an invite to the manse for spaghetti with anchovies, the opportunity to submit designs for the tattoo he’ll be getting on his lower lumbar region, a remastered DVD […]

    / May 19, 2011 at 1:20 PM
  • News

    Citadel Getting Into The Quant Business

    Former Knight Capital executives will run the new unit.

    / Apr 28, 2011 at 1:12 PM
  • News

    Overzealous Employee Of Midtown Hedge Fund Want You To Learn From His Mistakes

    A Double Down challenge occurred last Friday at 1PM. Man on man (in this case, employee v intern), thirty minutes, as fast as they could get ‘em in there. Luckily I was long gone by then but I’ve been asked to post the results, for those of you considering going up against your younger, hungrier […]

    / Jun 1, 2010 at 4:45 PM
  • News

    Goldman Sachs Not Only Wall Street Firm To Get In On Icing Phenom

    Last week we mentioned that Goldman Sachs, in spite of the assumption it was immune from taking part in peasant-like drinking games, had played host to at least one confirmed icing on its premises at 200 West Street. For the uninformed, “Icing” is the new game the kids are playing these days, wherein you surprise […]

    / May 26, 2010 at 3:15 PM
  • News

    Goldman: Quant Hedge Funds Have To Do Better, Be Less Quant-y

    Quantitative hedge funds, which really stunk up the joint two years ago, are getting some tough love from a guy who knows just how bad it can get. Robert Litterman is head of quantitative resources at Goldman Sachs Asset Management, which in 2007 watched its Cadillac of hedge funds, Global Alpha, turn into a Yugo. […]

    / Dec 1, 2009 at 4:15 PM

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