The other Rentech funds are LONG TERM. This tells me it's very difficult to build long term predictive models. Too many exogenous events can happen. Medallion is intraday to a few days at most. That's the sweet spot for Rentech.
Interesting. I have a friend who went the other way...he is a software engineer, attempted to go full time Algo trading but then wound up at a multi-national telecom using machine learning to predict network failures.
they followed it. They openly said what they doing and did just that . No one put a gun to investors heads.
I suppose as long as the other funds beat the S&P in terms of Sharpe and MAR etc, investors will be happy.
This Quant has 14 Nobel Prize Laureates in physics and chemistry,11 Patents, and all kinds of hedge fund awards for top performance. The point I was trying to make is there some exceptionally smart people that have found something from signal processing that can be applied to the market & are just killing it. Digital signal processing Analysis and design of digital signal processing systems for coding and processing of speech, audio and image signals. Multi-rate systems; adaptive filters; beam-forming, array processing and smart-antennas.
I bet most of these nobel laureates don't know money management or macroeconomy at all. And patents mean nothing to hedge fund. There aren't much headline news about patent infringement in this field.