Hating Bitclout All the Way to the Bank
Everyone’s favorite social token lightning rod,
Bitclout, keeps attracting money.
The social media meets cryptocurrency project’s operational wallet has received more than
4,188 BTC as of this writing. Much of that money is believed to have been used to purchase the service’s utility token, Bitclout. And money keeps pouring in despite that, currently, it s very difficult to take it out.
Last week, VC fund
Kevyn Allen (o
Gene Simmons (
WMA) as advisors. The fund raised about $5 million in the round in a little more than 24 hours. Bitclout is a social network, similar to Twitter, that also allows users to invest in any other user through their own social token.
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Vatic Investments has hired former Citadel and D.E. Shaw quant Allen Poteshman as CIO.
Poteshman, a former finance professor, will launch a new statistical arbitrage strategy.
Its the latest in a string of hires for the high-speed systematic trading firm.
High-speed quant trading firm Vatic Investments is launching a statistical arbitrage effort, and it has hired a former finance professor who worked at Citadel and D.E. Shaw to lead the charge as its chief investment officer.
Allen Poteshman joined Vatic Investments, previously known as Vatic Labs, last week to oversee its overarching investments but also to build out a new stat arb strategy, according to a statement released on Wednesday.
Fate of London metals pit hangs in balance after trader pushback
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When the London Metal Exchange in January proposed closing its historic trading floor, many in the industry assumed it was a done deal. But after a backlash from major users, it’s looking a lot less certain.
After months of consultations, the LME’s board will meet Thursday to decide the future of the open-outcry floor. One of the last of its kind in the world, “the Ring” was closed temporarily last March as the U.K. went into lockdown. Ever since, global prices for copper and other industrial metals have been set electronically and so smoothly that the LME argued there was no need to reopen the floor at all.
Inside the secretive world of Wall Street quant recruiting Welcome to the secretive world of Wall Street quant recruiting. Samantha Lee/Insider
The market for quant and data-science specialists on Wall Street has perhaps never been hotter.
But the trading firms that employ them are highly secretive, as are the recruiters they work with.
Insider spoke with more than two dozen quant recruiters about their competitive, stealthy field. You re OK that I ve recorded this call, right?
So said one veteran recruiter who works with proprietary-trading firms before apologizing for his paranoia at the end of a 30 minute conversation. Other headhunters wanted to ensure up front that Insider wasn t secretly recording
AQR; DE Shaw & Co; Citadel; Two Sigma; DRW; Point 72; Samantha Lee/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
The market for quant and data-science specialists on Wall Street has perhaps never been hotter.
They re the lifeblood of hedge funds, trading firms, market makers, and bank trading teams.
Insider gathered a list of the foremost headhunters in the war for quant finance talent.
2020 was a tough year for quant hedge funds. The performance of giants like Bridgewater, Renaissance Technologies, and Two Sigma sagged amid the coronavirus-fueled market mayhem, while fundamental shops made a killing.