The Strategy Behind Citadel’s Plan to Pay Hedge Fund Peers for Trading Ideas
3 Articles
3 Articles
The Strategy Behind Citadel’s Plan to Pay Hedge Fund Peers for Trading Ideas
T.S. Eliot famously wrote that “immature poets imitate; mature poets steal.” Thankfully, mature hedge funds have more than enough money to pay for ideas. Bloomberg News reported Tuesday that Miami-based Citadel, the high-flying hedge fund run by art-collecting billionaire Ken Griffin, is planning a new initiative that will compensate other hedge funds for trading signals. Quant It All Citadel’s plans fall into a category called alpha capture. Es…
Citadel’s new alpha capture program (“buyside alpha capture”) will be integrated into Citadel’s Global Quantitative Strategies (GQS) business, according to people familiar with the issue who requested anonymity for private information. Read more
Citadel expands quant platform with new hedge fund signal-sharing initiative
Citadel is preparing to launch a new programme that will pay external hedge funds for investment insights, broadening its efforts to source trading signals that can be incorporated into its quantitative investment strategies, according to a report by Bloomberg. The report cites unnamed people familiar with the plans as revealing that the initiative will be housed within the firm’s Global Quantitative Strategies (GQS) division and will focus on g…
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