Who are these absolute psychos that are trading solely based on sell-side upgrades and downgrades
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Replying to @buccocapital
Europe's largest HF has an algo strategy that does almost exactly this, and its killed it
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Replying to @nosunkcosts @buccocapital
as far as I've heard yes, although it's changed quite a lot
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Alpha capture systems are now quite a crowded space but there are still a lot of good performing funds there
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Replying to @dsquareddigest @ajb_powell and
It got really commoditised from 2005-11 or so, particularly after TIM launched and anyone could buy an off the shelf version of the data. The horizon of the alpha compressed from weeks to sub 1 hour as so many funds were competing to act on the same ideas.
1:02 AM - 17 Dec 2021
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