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The Quants
''The Quants'' is the debut New York Times best selling book by Wall Street journalist Scott Patterson. It was released on February 2, 2010 by Crown Business. The book describes the world of quantitative analysis and the various hedge funds that use the technique. Two years later, Patterson published a follow-up book, ''Dark Pools: High Speed Traders, AI Bandits and the Threat to the Global Financial System'', an investigative journey into the history of high-frequency trading and the spread of artificial intelligence in today’s markets. Background Patterson began writing ''The Quants'' in 2008. He was first exposed to the quantitative analysis investment strategies while covering the financial industry for the ''Wall Street Journal''. As he became more acquainted with the players involved, he found that many of the most successful quants knew each other and carried similar eccentricities. Realizing this was a world that the average investor knew little of, Patterson wrote the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scott Patterson (author)
Scott Patterson (born December 29, 1969) is an American financial journalist and bestselling author. He is a staff reporter at ''The Wall Street Journal'' and author of ''Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System'' and ''The New York Times'' bestselling book ''The Quants''. Journalism Patterson has as Master of Arts and English degree from James Madison University. Patterson is a staff reporter at ''The Wall Street Journal'' covering government regulation of the financial industry. His coverage has included high-profile interviews with Mark Cuban, Warren Buffett, Edward Thorp and others. He has been described as the "go-to guy" for high-tech journalism, covering topics such as dark pools, flash crashes, algorithmic trading and high-frequency trading (HFT). Patterson is an active critic of high-frequency trading, citing HFT as a major cause of market volatility and preferential treatment of select firms, yet acknowledging HFT ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morgan Stanley
Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2021 Fortune 500 list of the largest United States corporations by total revenue. The original Morgan Stanley, formed by J.P. Morgan & Co. partners Henry Sturgis Morgan (a grandson of J.P. Morgan), Harold Stanley, and others, came into existence on September 16, 1935, in response to the Glass–Steagall Act, which required the splitting of American commercial and investment banking businesses. In its first year, the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. The current Morgan Stanley is the result of the merger of the original Morgan Stanley with Dean Witter Reyn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jon Stewart
Jon Stewart (born Jonathan Stuart Leibowitz; November 28, 1962) is an American comedian, political commentator, and television host. He hosted ''The Daily Show'', a satirical news program on Comedy Central, from 1999 to 2015 and now hosts ''The Problem with Jon Stewart'', which premiered September 2021 on Apple TV+. Stewart started as a stand-up comedian but branched into television as host of ''Short Attention Span Theater'' for Comedy Central. He went on to host ''You Wrote It, You Watch It'' (1992–1993) and then ''The Jon Stewart Show'' (1993–1995), both on MTV, until ''The Jon Stewart Show'' was retooled, dropped by the network and moved to syndication. He has also appeared in several films, including '' Big Daddy'' (1999) and '' Death to Smoochy'' (2002), but did few cinematic projects after becoming host of ''The Daily Show'' in 1999, where he also was a writer and co-executive producer. After Stewart joined it, ''The Daily Show'' steadily gained popularity and critic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bestselling Books
This page provides lists of best-selling individual books and book series to date and in any language. ''"Best-selling"'' refers to the estimated number of copies sold of each book, rather than the number of books printed or currently owned. Comics and textbooks are not included in this list. The books are listed according to the highest sales estimate as reported in reliable, independent sources. This list is incomplete because there are many books, such as ''The Count of Monte Cristo'' by Alexandre Dumas, ''Don Quixote'' by Miguel de Cervantes, and ''The Lord of the Rings'' (which has been sold as both a trilogy of books, ''The Fellowship of the Ring'', ''The Two Towers'', and ''Return of the King'', and as a single issue) by J. R. R. Tolkien, that lack comprehensive sales figures. According to ''Guinness World Records'' as of 1995, the Bible is the best-selling book of all time with an estimated 5billion copies sold and distributed. Sales estimates for other printed religious ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Bank
Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. It was founded in 1870 and grew through multiple acquisitions, including Disconto-Gesellschaft in 1929 (as a consequence of which it was known from 1929 to 1937 as Deutsche Bank und Disconto-Gesellschaft or "DeDi-Bank"), Bankers Trust in 1998, and Deutsche Postbank in 2010. As of 2018, the bank's network spanned 58 countries with a large presence in Europe, the Americas, and Asia. As of 2021, Deutsche Bank was the 21st largest bank in the world by total assets and 93rd in the world by market capitalization. It is a component of the DAX stock market index, and often referred to as the largest German banking institution even though the Sparkassen-Finanzgruppe comes well ahead in terms of combined assets. Deutsche Bank has bee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boaz Weinstein
Boaz Weinstein (born 1973) is an American hedge fund manager and founder of Saba Capital Management. He rose to prominence at Deutsche Bank in the early and mid 2000s with his credit default swap and capital structure arbitrage trading strategies. He then formed a proprietary trading group within Deutsche Bank. After leaving the bank in 2009, Weinstein started Saba Capital Management as a separate hedge fund. As of September 2022, Saba manages $4.8 billion in assets. Weinstein was among the first to identify and publicize a trading opportunity that was later nicknamed the "London Whale", when a trader at JPMorgan made a number of trades that exposed the firm to about $6.2 billion in losses. The trades in turn netted several hedge funds including Weinstein's hundreds of millions of dollars after they took an opposing position in the credit default swap market. Early life and education Weinstein is the son of Giselle and Stanford Weinstein and grew up in a Jewish family the Up ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AQR Capital
AQR Capital Management (Applied Quantitative Research) is a global investment management firm based in Greenwich, Connecticut, United States. The firm, which was founded in 1998 by Cliff Asness, David Kabiller, John Liew, and Robert Krail, offers a variety of quantitatively driven alternative and traditional investment vehicles to both institutional clients and financial advisors. The firm is primarily owned by its founders and principals. AQR has additional offices in Boston, Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ..., Los Angeles, Bangalore, Hong Kong, London, Sydney, and Tokyo. Investment philosophy and strategies AQR employs a research-based "systematic and consistent approach" to Portfolio (finance), portfolio construction. This disciplined approach of iden ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aaron Brown (financial Author)
Aaron C. Brown (born November 27, 1956) is an American finance practitioner, well known as an authorStephen Schurr, , Financial Times, March 20, 2006 on risk management and gambling-related issues. He also speaks frequently at professional and academic conferences. He was Chief Risk Manager at AQR Capital Management. He was one of the original developers of |
Cliff Asness
Clifford Scott Asness (; born October 17, 1966) is an American hedge fund manager and the co-founder of AQR Capital Management. Early life and early education Asness was born to a Jewish family, in Queens, New York, the son of Carol, who ran a medical education firm, and Barry Asness, an assistant district attorney in Manhattan. His family moved to Roslyn Heights, New York when he was four. He attended the B'nai B'rith Perlman Camp and graduated from Herricks High School. A full-length 2010 biography and history of AQR. Education His undergraduate studies at University of Pennsylvania included a double major in which he studied computer science and finance at Jerome Fisher Program in Management and Technology (M&T). In 1988, he graduated summa cum laude. Asness's interest in finance and portfolio management began, while he worked a research assistant in the Finance Department at Wharton, and learned to use "coding computer programs" to analyze markets" and "test economic and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renaissance Technologies
Renaissance Technologies LLC, also known as RenTech or RenTec, is an American hedge fund based in East Setauket, New York, on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statistical analysis. Their signature Medallion fund is famed for the best record in investing history. Renaissance was founded in 1982 by James Simons, a mathematician who formerly worked as a code breaker during the Cold War. In 1988, the firm established its most profitable portfolio, the Medallion Fund, which used an improved and expanded form of Leonard Baum's mathematical models, improved by algebraist James Ax, to explore correlations from which they could profit. Elwyn Berlekamp was instrumental in evolving trading to shorter-dated, pure systems driven decision-making. The hedge fund was named Medallion in honor of the math awards that Simons and Ax had won. Renaissance's flagship Medallion fund, which is run mostly for fund employees, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Harris Simons
James Harris Simons (; born 25 April 1938) is an American mathematician, billionaire hedge fund manager, and philanthropist. He is the founder of Renaissance Technologies, a quantitative hedge fund based in East Setauket, New York. He and his fund are known to be Quantitative analyst, quantitative investors, using mathematical models and algorithms to make investment gains from Market anomaly, market inefficiencies. Due to the long-term aggregate Rate of return, investment returns of Renaissance and its Renaissance Technologies#Monemetrics, Medallion Fund, Simons is described as the "greatest investor on Wall Street," and more specifically "the most successful hedge fund manager of all time." As reported by ''Bloomberg Billionaires Index'', Simons' net worth is estimated to be $25.2 billion, making him the 66th-richest person in the world. Simons is known for his studies on pattern recognition. He developed the Chern–Simons form (with Shiing-Shen Chern), and contributed to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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