Millennium Management

All it takes to get billionaires to reject a guaranteed return is an association with the most odious man on the planet.

Luckily for most of them, a long track record is fairly immune to short-term mediocrity or worse.

The basis trade, the risk parity trade and the quants all have a fever and dry cough.

Until then, if you’re a portfolio manager at Point72, stay away from him while he’s lighting those candles.

And Ken Griffin’s Floridian fantasies are a few million dollars closer to reality.

Pioneers old and young, and some other, less notable funds, won’t see 2019.