Was Hedge-Fonds-Manager so erzählen
22 Jan 2008
Aus aktuellem Anlass empfehle ich folgendes Interview aus n+1, ein sowieso recht grandioses Magazin, das zu kaufen ich nur empfehlen kann. Auch weil die Texte eigentlich nix für online sind, weil zu lang. Und Printjournalismus auf diesem Niveau sowieso unterstützt gehört.
n+1: And so the computers themselves are making these trades?
HFM: You build the models and the computer does the trading. You actually do all the analysis. But it’s too many stocks for a human brain to handle, so it’s really just guys with a lot of physics and hardcore statistics backgrounds who come up with ideas about models that might lead to excess return and then they test them and then basically all these models get incorporated into a bigger system that trades stocks in an automated way.
n+1: So the computers are running the…
HFM: Yeah, the computer is sending out the orders and doing the trading.
n+1: It’s just a couple steps from that to the computers enslaving—
HFM: Yes, but I for one welcome our computer trading masters.
