The FTX founder joined Jane Street Capital not to learn about controlling risk, which is its focus, but because the tenets of a philanthropic movement drew him there.
Stock-picking can be frustrating in the US, but is easier to do well in Europe. Out-of-sample returns for simple stock-picking algorithms are much better in Europe than in the US.
Mon, 02, 21
A year ago, the world seemed oblivious to signs that a novel virus outbreak in China was a serious, global threat. But one of Wall Street’s biggest but most secretive money machines saw the debacle coming and battened down the hatches.
A year ago, the world seemed oblivious to signs that a novel virus outbreak in China was a serious, global threat. But one of Wall Street’s biggest but most secretive money machines saw the debacle coming and battened down the hatches.
Jane Street may be little known outside its community and even there mostly famous for its cultish dedication to a recondite programming language called OCaml. But the company has become one of the world’s largest market-makers, trading more than $17tn worth of securities in 2020.