A quant fund like Jim Simon's Rentec Medallion is averaging about 66% before fees on $10 billion AUM. So averaging $6.6 Billion profits every year. They are the best in the business. Not many can come close.
Hello Overnight, Their algos returned 66% return per year for 30 years buddy. I guess they just skipped back test, and went straight to forward testing, right? They just hope for the best, right?
Hello Millionaire, Our buddy @Overnight says back testing is useless. Perhaps Jim Simmon and crew thinks the same with their algos. LOL
Hello MacBookProHo, Watch this video, get some lotion, slow stroke it, and SIT YOUR GOT DAMN ASS DOWN and get some sleep. Cause you need some sleep [/QUOTE]
You ain't no James Simmons, or a Medallion fund. If you think you will magically create an algo trading system that trades both long and short a thousand times a day to capture option variations and imbalances and what not....you have another thing coming. His fund makes like a .03% return every day on average. Not crazy amazing, but growth and compounded, it's good.
Hello Overnight, Watch this video below, get some lotion, slow stroke it, and SIT YOUR GOT DAMN ASS DOWN and get some sleep. Cause you need some sleep talking crazy tonight. Watch it 2 times if you need too
They have losing months and quarters in the Medallion fund. They lose money in 20% of months. Sharpe ratio for Medallion is around 2.2, it is not a high frequency fund that makes money almost every day with a double digit Sharpe. 1 in 5 losing months is better than what i can do with my algos. My algos lose money 1 in 3 months.
Hello Millionaire, just to be sure I understand, Medallion is not running high frequency algos right?