Point72 seeds Quantopian-backed fund with up to $250mm

goldorak · Post by **goldorak** » Thu Aug 11, 2016 5:24 pm

@cf_mstr: a profitable algo is worth almost nothing. It is just too easy to develop profitable algos. What is worth something is the fast identification of the algos currently working with the best probabilities to work in the next round of betting.

rftx713 · Post by **rftx713** » Sat Aug 13, 2016 10:19 pm

Thanks goldorak, that makes a lot of sense. (And thanks for working with my weird analogy.)

rftx713 · Post by **rftx713** » Tue Nov 15, 2016 3:41 am

"“I think of Quantopian as the next-generation BlackRock,” said Alex Rampell, a general partner with Andreessen Horowitz, who will be joining Quantopian’s board. “They can become a very large asset manager, but hopefully in a way that no one else can replicate by aggregating and harnessing the best talent.”"

http://www.bloomberg.com/news/articles/2016-11-14/andreessen-horowitz-point72-invest-in-crowd-sourced-quantopian

I think the weed over in Cali has really hit some new highs...

rowdyroddypiper · Post by **rowdyroddypiper** » Wed Nov 16, 2016 10:37 pm

The extremely cute part is that he thinks that BlackRock's edge is talent acquisition and management. I mean really guy, get out and meet the people.

goldorak · Post by **goldorak** » Thu Nov 17, 2016 7:29 am

I clearly remember BlackRock telling us in their NYC office that their edge was the circle-shaped architecture of their trading desks and their "risk book", a huge 200-more pages document full of risk statistics and sensitivities they were printing for everybody every single day. A quick look around proved not a single of their PMs had even glanced through the document before 2pm. Talking of years ago though. They probably bought a set of HP 48SX since then.