A Conversation with Renaissance Technologies CEO Peter Brown

Re:A Conversation with Renaissance Technologies CEO Peter Brown by jjoonathan on Monday September 18, 2023 @11:10AM (#37557215)

Strategies decay if others discover them. RenTech claims to have a strategy that completely removes a certain arbitrage from prices if executed correctly. It would still show up in volume, but you can't extract the critical parameters from anonymized volume.

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Re:A Conversation with Renaissance Technologies CEO Peter Brown by thenobsta on Monday September 18, 2023 @12:12PM (#37558197)

This would check out as a winning strategy. If you figure how to remove this arbitrage out before anyone else, then you nobody else can replicate your strategies. Since they were early in the quant game, this seems plausible (though other things mentioned here also seem plausible -- insider trading, lots of brilliant people, etc).

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Re:A Conversation with Renaissance Technologies CEO Peter Brown by paulpauper on Monday September 18, 2023 @12:30PM (#37558425)

surprising how how after 30 years no one has figured out how to to this

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