[–] anonu 2y ago ↗ > became aware of Wu’s changes because they resulted in higher than expected correlations between some of the firm’s trading models.So you net close to $300m more for investor funds. But you get dinged because you're effectively siphoning off alpha from the prop trading bucket.So even though this was better for clients - it was worse for the owners.
1 comment
[ 4.9 ms ] story [ 9.5 ms ] threadSo you net close to $300m more for investor funds. But you get dinged because you're effectively siphoning off alpha from the prop trading bucket.
So even though this was better for clients - it was worse for the owners.