I guarantee that every investor in RIEF/RIDA was aware that they were not getting any of the Medallion strategies, and they wanted to invest anyway because they believed in the quality of the team.
Show this thread
Not picking on this account but I’ve seen this argument a few times and it’s not the gotcha that people think it is. As long as they are not front running clients in Medallion, there’s nothing wrong with running a high return prop vehicle alongside lower Sharpe client funds.https://twitter.com/researchpuzzler/status/1398995194574520326 …
-
-
-
Bluecrest got hit with a nine figure fine because they were literally front running their clients in the prop vehicle (they had an algo that more or less copied the prop trades one day later) but there’s no suggestion that’s what is happening here.
Show this thread
End of conversation
New conversation -
-
-
This Tweet is unavailable.
-
In some cases like copy trading or most of Bloomberg media coverage front running is the product. You literally put on positions and sell your holdings data.
End of conversation
-
-
-
The simple fact they mentioned the holdback was ridiculous, it’s standard, but I guess it enhances the clickbait element.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Halo effect is very useful in marketing though. I am sure the RIEF docs do not explicitly say, 'here be dumb stuff, nothing to do with Medallion'
-
Sure, but at some point you have to trust the investors to do their IDD properly. Unrelatedly - XTX Capital Management soon?
End of conversation
New conversation -
-
-
do you think fintwit will fall for another round of assuming the 76% return is compounded rather than knowing that you can't just divide the P&L by the capital to get a "return"
-
wait I am dummy why is (Final - Principal)/Principal not the return?
- Show replies
New conversation -
-
-
I always thought RIEF is pretty orthogonal to medallion. Seems like it's just expensive AQR aka factor driven.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.