Yes, thanks, you could be right. Just as long as they don't think trading like a hedge fund manager is the way forward as a private retail trader.
The jury's out on whether the discretionary side will succeed without its, ummm, "legacy" edges. On the systematic side, Ross has made some good hires -- it will just be a question of capacity control if the inflows turn out to be as rumored.
Here's how. 1. Cohen agrees to pay premium commissions to the firm in order to get a "heads up" about their recommendations before they're made public. 2. Cohen buys/sells in line with what the recommendations will be and before they are announced. 3. He's in position to benefit when/before the recs are made public when the sheeple jump in the direction of the recs.... AKA "front running". (Which of course, is illegal... except for the HFT traders... who are allowed because "they only steal pennies".)
"Here's how. 1. Cohen agrees to pay premium commissions to the firm in order to get a "heads up" about their recommendations before they're made public. 2. Cohen buys/sells in line with what the recommendations will be and before they are announced. 3. He's in position to benefit when/before the recs are made public when the sheeple jump in the direction of the recs.... AKA "front running". (Which of course, is illegal... except for the HFT traders... who are allowed because "they only steal pennies".)" Anything other than hearsay to support your allegations? These claims would be so easy to prove, yet no regulator brought these charges. No customer ever complained that they were front - run. Is there any brokerage house providing research that doesn't have a compliance department that would detect these type of activities instantly? Front-running and bribery are illegal. It's illegal for HFT as well - stealing pennies is still a crime. Having a co-located private data server and using the available data to sweep isn't illegal - although it should be.
Deerfield to pay $4.6 million to settle SEC charges of insufficient insider-trading preventions Deerfield Management Co. will pay more than $4.6 million to settle charges that it had insufficient safeguards in place to prevent insider trading, the Securities and Exchange Commission announced Monday. The case against the hedge fund firm is related to insider-trading charges announced by the SEC on May 24, alleging a scheme by some Deerfield analysts and a political intelligence analyst, involving tips of non-public information about government plans to cut Medicare reimbursement rates, which affected the stock prices of certain publicly traded medical providers or suppliers. The SEC said that from at least May 2012 to November 2013, Deerfield generated more than $3.9 million in trading profits based on material, non-public information from the political intelligence analyst, and that through management agreements with hedge funds, including performance-based compensation, Deerfield received approximately $714,110 due to these trades. A call to Deerfield was not returned at press time. Deerfield has about $8 billion in assets under management.
[QUOTE = "tomorton, post: 4559265, member: 16309"] Para los comerciantes minoristas privados que usan el foro, ¿debería importarnos qué hacen o cobran los fondos de cobertura? [/ QUOTE] I have the same doubt friend
But it *is*. Or *should*be*. The *biggest* single improvement in my game is to remember I'm not trading my shit. I'm trading somebody *else's* shit, and damnnnnnn but that takes the wind out of any Stupidity Sails I might wish to fly. (Or maybe it causes me to furl those sails. It's an analogy thing. "Whatever." Where's my coffee? ) (Yeah. It's 'furl'...)