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A comment on Major crypto trading firm Alameda Research might be insolvent. Parent comment

Re:Major crypto trading firm Alameda Research might be insol... by JohnJamesRambo on Friday November 04, 2022 @10:03AM (#33466853)
Alameda is helmed by quants from Jane Street etc., they are supposed to do better with regard to risk management, forecasting, bet sizing. Their whole M.O. is that they are smarter and actually do math and that is the source of their success.

https://www.alameda-research.com/our-team

Whether that is true or not, I don’t know. But from their tweets and podcasts it does seem they approach things very differently and in a way that makes sense.

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Re:Major crypto trading firm Alameda Research might be insol... by neilc on Friday November 04, 2022 @10:18AM (#33467085)
> Alameda is helmed by quants from Jane Street etc.,

The CEO worked at Jane Street for less than 18 months and appears to have had a fairly junior role there. I'm sure they are smart folks but there's a limit to how much you can learn in 18 months, in your first job after college.

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Re:Major crypto trading firm Alameda Research might be insol... by blitzar on Friday November 04, 2022 @10:33AM (#33467360)
Nobody is leaving Jane Street after 18 months - straight out of college, of their own accord.
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Re:Major crypto trading firm Alameda Research might be insol... by eldenwrong on Friday November 04, 2022 @11:05AM (#33467950)
What are you implying?
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Re:Major crypto trading firm Alameda Research might be insol... by blitzar on Friday November 04, 2022 @11:22AM (#33468242)
My statement is clear with no implications at all.
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Re:Major crypto trading firm Alameda Research might be insol... by tough on Friday November 04, 2022 @11:52AM (#33468706)
He was fired
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Re:Major crypto trading firm Alameda Research might be insol... by shorthistory on Friday November 04, 2022 @12:16PM (#33469158)
Is that a fact, or are you stating that is the implication of the parent comment?
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Re:Major crypto trading firm Alameda Research might be insol... by tough on Friday November 04, 2022 @03:14PM (#33472199)
The latter, I didn't even read TFA.

Sorry if my prior message was confusing, but why would a top tier company let go one of their best performers after just a half and a year out fresh of college?

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Re:Major crypto trading firm Alameda Research might be insol... by shorthistory on Friday November 04, 2022 @11:32AM (#33468405)
Was it only 18 months?

Wikipedia states: ...he returned there full-time after graduating [in 2014]. In September 2017, Bankman-Fried quit Jane Street...

Seems closer to 3 years, but it doesn't state whether he started there immediately after graduating or not.

What do you suggest are the reasons for his leaving?

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Re:Major crypto trading firm Alameda Research might be insol... by FabHK on Friday November 04, 2022 @12:14PM (#33469106)
GP was talking about the CEO of Alameda, who, according to page linked by GGP, is

> Caroline Ellison, CEO > Before joining Alameda in 2018, Caroline worked at Jane Street as a trader on the equities desk.

You seem to be talking about SBF.

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Re:Major crypto trading firm Alameda Research might be insol... by jefftk on Friday November 04, 2022 @12:22PM (#33469260)
Huh? Leaving Jane Street to start crypto trading isn't what I would do, but it seems to have worked out well for them. Why does that suggest they didn't choose to leave?
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Re:Major crypto trading firm Alameda Research might be insol... by CyberDildonics on Friday November 04, 2022 @10:40AM (#33467483)
they are supposed to do better with regard to risk management, forecasting, bet sizing.

According to who? Themselves?

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Re:Major crypto trading firm Alameda Research might be insol... by nradov on Friday November 04, 2022 @10:34AM (#33467392)
LTCM was also helmed by some smart guys who did a lot of math and understood risk management...
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Re:Major crypto trading firm Alameda Research might be insol... by adamsmith143 on Friday November 04, 2022 @10:25AM (#33467218)
Sounds like Enron, turned out great for them too.
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