Hedge Funds at War for Top Traders Dangle $120 Million Payouts; Paid sabbaticals, huge signing bonus

Discussion in 'Wall St. News' started by ETJ, Jun 2, 2023.

  1. ETJ

    ETJ

    Hedge Funds at War for Top Traders Dangle $120 Million Payouts; Paid sabbaticals, huge signing bonuses are among tools being used, as clients foot the bill in chase for steady returns.
    Nishant Kumar - Bloomberg
    When portfolio manager David Lipner said he was quitting billionaire Izzy Englander's Millennium Management to join a rival, the hedge fund countered with an unusual proposal: A one-year paid sabbatical and an incentive upon return if Lipner stayed. And stay he did. For Millennium, the $58 billion industry giant known for ruthlessly cutting underperformers, the generous offer was seen as totally worth it.
    /jlne.ws/3qmN794
     
    guru and TrAndy2022 like this.
  2. zdreg

    zdreg

    Any way to short this hedge fund?
     
  3. ETJ

    ETJ

    Assuming it's a serious question - no. You might be able to look at their 13F filings and invert their stock portfolio. 13F won't have Index options or futures. Izzy's roots are on the AMEX so I suspect their could be significant Index option positions.
     
    zdreg likes this.
  4. zdreg

    zdreg

    Unfortunately the 13F info is not complete enough for my purposes.
     
  5. ETJ

    ETJ

    Izzy and Taylor Swift are contemplating buying Canada!
     
  6. Expect big layoffs in investment firms & banks as AI will make human traders redundant & irrelevant & dispensable...
     
  7. 2rosy

    2rosy

    Human traders have already been made irrelevant redundant and dispensible. Depending how you define trader.
     
    beginner66 likes this.
  8. newwurldmn

    newwurldmn

    Is Taylor looking to date Dave Coulier so she can write a song about him?
     
    nbbo likes this.
  9. taowave

    taowave

    shorting Izzy wouldnt be at the top of my list,but you do you :)


     
    nbbo likes this.
  10. zdreg

    zdreg

    Are you ok?
     
    #10     Jun 5, 2023