Area of focus will be Fractal Market Hypothesis utilizing elements of Chaos Theory.
Looking for people who input if pros/cons.
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Neither, do something to make the world a better place. All of those companies make the rich even wealthier by taking advantage of the poor and middle class.
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Best advice: Don't go online asking for advice this way. World is a small place.
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Sounds interesting. Both firms have underperformed the S&P historically. Crazy to me that there are jobs that pay that much and use that advanced of techniques just to underperform the market.
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pick neither wrote:
Neither, do something to make the world a better place. All of those companies make the rich even wealthier by taking advantage of the poor and middle class.
Please explain, in specifics, how hedge funds take advantage of the poor and middle class.
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Perella Weinberg paid 23 yr old first years a $400k bonus this yr making the starting package a new record of over $600k total. Rare year where traditional analyst beat the Quants. PW one of the few forms though with big 23 payout.
I'm answer to your question, it's about location Citadel is Chicago/Miami? and Jain is NYC. Less tax then w Citadel, but NYC more fun.
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wall street geek wrote:
Perella Weinberg paid 23 yr old first years a $400k bonus this yr making the starting package a new record of over $600k total. Rare year where traditional analyst beat the Quants. PW one of the few forms though with big 23 payout.
I'm answer to your question, it's about location Citadel is Chicago/Miami? and Jain is NYC. Less tax then w Citadel, but NYC more fun.
BS. Complete BS. No bank paid over $600k as a starting salary to an analyst.
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bull fvcking sh!t wrote:
BS. Complete BS. No bank paid over $600k as a starting salary to an analyst.
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Jack Bogle figured it out in the 1970s. Index funds > mutual funds/hedge funds
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dumb troll post.
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wall street geek wrote:
bull fvcking sh!t wrote:
BS. Complete BS. No bank paid over $600k as a starting salary to an analyst.
Since when is a 3rd year associate the same as a 1st year analyst?
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loI wrote:
Since when is a 3rd year associate the same as a 1st year analyst?
Read article, 23 yr old first yr.
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wall street geek wrote:
loI wrote:
Since when is a 3rd year associate the same as a 1st year analyst?
Read article, 23 yr old first yr.
Given that PWP also pays associates salaries of between $200k and $250k, the implication is that first year associates, who may be as young as 23, earned circa $600k for last year. Suddenly moving to the buyside isn't that appealing after all.
Quote from article.
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wall street geek wrote:
wall street geek wrote:
Read article, 23 yr old first yr.
Given that PWP also pays associates salaries of between $200k and $250k, the implication is that first year associates, who may be as young as 23, earned circa $600k for last year. Suddenly moving to the buyside isn't that appealing after all.
Quote from article.
Sure. Graduate from college and start work at 21, excel and don't leave for Blackstone or KKR, and then you're an associate at 23.
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missBS wrote:
Sounds interesting. Both firms have underperformed the S&P historically. Crazy to me that there are jobs that pay that much and use that advanced of techniques just to underperform the market.
Don't know Jain's performance but Citadel regularly beats s and p, particularly in down and flat years for the market.
https://www.barrons.com/articles/hedge-funds-citadel-performance-57d99495
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wall street geek wrote:
missBS wrote:
Sounds interesting. Both firms have underperformed the S&P historically. Crazy to me that there are jobs that pay that much and use that advanced of techniques just to underperform the market.
Don't know Jain's performance but Citadel regularly beats s and p, particularly in down and flat years for the market.
I mean JS isn’t a hedge fund, so any comparison with S&P returns is absolutely nonsensical. Same with Citadel if OP meant CitSec (more likely — they hire significantly more new grads than the hedge fund arm).
This thread is a textbook example of people not knowing what market makers are/do.
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missBS wrote:
pick neither wrote:
Neither, do something to make the world a better place. All of those companies make the rich even wealthier by taking advantage of the poor and middle class.
Please explain, in specifics, how hedge funds take advantage of the poor and middle class.
The fact that you don't understand it shows how far OUT OF TOUCH you are.
Poor and middle class people generally don't have money to invest in hedge funds, so by definition hedge funds exist only to serve the already wealthy.
The whole system is set up to exploit low wage workers to maximize profits for the fat executives and fat investors.
Amazon is a great example, Bezos becomes the richest person in the world, the investors make billions, and the workers get paid terribly and even have to urinate in water bottles because they don't get bathroom breaks. Amazon goes to extreme lengths to prevent workers from forming a union.
A more direct example is the common hedge fund practice of "short-selling" that is highly unethical, but legal. This involves selling a stock that you don't own so you can buy it back later at a lower price. They are betting that a company will fail, and they frequently take steps to increase the chances that those companies fail.
Short selling generally always causes market crashes, or makes market crashes MUCH worse. Short sellers made record profits in the 2008 crash and the recent bank crashes.
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Wrong website for this questions. I thought HFTs match offers, but I'm not sure. Do research elsewhere if you're not trolling
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Go to Jane St, maybe you'll become the next SBF.
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