At least five managers have left for rival Citadel, upsetting the billionaire hedge-fund manager https://www.wsj.com/articles/steve-...d-money-managers-11563297484?mod=hp_lead_pos4 Link is behind the paywall - so if you don't have a subscription it gets blocked.
%% GOOG...... has an article on that free.I'm suprized according to that[free] article, Citidel pays them well regardless of performance.,
"Citidel pays them well regardless of performance." Generally, if you are recruited from a competitor you get a couple of years guaranteed. Sometimes paid up-front. It can be cutthroat in Chicago, London, and Hong Kong. Probably more markets.
Without a $20 Million sign on, I wouldn´t even stand up from my very cozy chair. 2 years ago, I got a call from a headhunter representing Virtu´s HFT desk. After expressing my sign on bonus demand, he was shocked to learn it was more than the whole desk gets as a yearly fixed salary! LMAO! ROFL! BTW: Stevie was also "shocked" when he learned about what Citadel was offering to his former "buddies"....
%% Interesting+ never though of that as way to manage risk LOL. I today noticed Mr Ken Griffith [video]likes the word Economic [ Financial ] Freedom more than Capitalism. And he told his 11 year young son, after noting a stadium full of socialist Sanders supporters=''that is a stadium full of people that dont know history;socialism is a complete failure.'' ,