671. Quantitative Trading Model (Ask for Subscription)
At this moment, Chen Hui has come to the headquarters of Black Shirt Capital.
After talking to CEO Leda Braga for a while, Chen Hui said, "Braga, I want you to pay attention to these stocks!" and he listed the stocks of companies in many industries that have great potential for the future.
Blackshirt Capital now has HK$300 billion in client entrusted assets, and now it is about to start acting. These 300 billion Hong Kong dollars will be invested in many companies, which means that black shirt capital has begun to face listed companies around the world.
Chen Hui does not intend to use these entrusted assets to speculate in foreign exchange, or stock indexes, or commodity futures.
Instead, it's all about investing in the shares of various companies around the world and becoming a shareholder in those companies!
With so many entrusted assets from customers, Blackshirt Capital has used sufficient capital, and the influence of these assets is not small!
Although Blackshirt Capital takes the customer's money and invests in various companies, its influence is Blackshirt Capital's, because Blackshirt Capital will have the right to speak on the boards of directors of these companies!
In short, the ownership of the assets of the asset management department of Blackshirt Capital belongs to the customer, but the management of these assets belongs to Blackshirt Capital, as long as it can bring returns to customers!
It's like the bank's deposits are owned by the customer, but the management is in the hands of the bank.
"Okay, chairman, I will carefully study every company in these industries that you recommend! and then design a complete set of investment plans!" Braga said seriously: Thinking of this, Braga said: "Chairman, I am going to recruit a large number of quantitative traders in the near future to form a large quantitative team!
"I am also going to recruit some members of the former team, and at the same time recruit some quantitative trading talents, give me time, I am confident that I will soon get out of the previous quantitative trading model in Blue Crown Capital!"
The quantitative trading model she has mastered at the moment is incomplete, and her old club can't let her take all the models!
But she believes that it will soon be solved and the missing model will be patched.
"Well, that's a good idea!" Chen Hui nodded, in recent years, the global economy has experienced a major financial crisis and a sovereign debt crisis, and quantitative investment has once again received a lot of attention. As an important form of trading in the market, quantitative investment has found a new way to become an emerging form of investment with strong development momentum when traditional qualitative investment is popular and development is facing bottlenecks. Today, at least 10%-15% of the funds in the asset management industry are managed quantitatively.
The essence of quantitative trading is to design a complex set of programs, use a computer to execute trades, and then a member of the quantitative team is responsible for monitoring.
However, quantitative trading also has flaws, and there are many quantitative funds in the world that have been wiped out, such as quantitative trading in the mainland, which is basically losing money!
The key is the trading model, after all, the market is always changing, and the trading model must be constantly repaired and revised.
If something goes wrong, or a black swan can make a quantitative hedge fund doom!
The well-known quantitative hedge fund To Sigma (2 Sigma) Renaissance Technologies (Renaissance Technologies), Deshao Fund (. Sha), the awesomeness of these guys is that they use complex mathematical models to apply to the financial market, and they are all a group of genius mathematicians!
They have a lot of mysterious quant models that have made them a lot of money over the years!
Just like James Simmons, the founder of Renaissance technology!
He has a god-like presence in both mathematical research and financial investment. At the age of 38, he won the National Veblen Prize, the crown of mathematics, and his achievements in mathematics reached the pinnacle.
is middle-aged and famous, who will turn around?
Instead, he opted for cross-border investment. The Renaissance fund he founded was super profitable, and the medallion fund during this period had an average annual return of 46% from its inception in 1988 to 2009, and the more unstable the market, the better the fund performance.
He's so much better than Braga!
Capturing market opportunities with mathematical models and using computers to make trading decisions is the secret of this super investor's success.
Nearly one-half of his company's more than 200 employees are top scientists in mathematics, physics, statistics, and other fields, only two have PhDs in finance, and the company never hires business school graduates or Wall Street people. This is absolutely unique among investment firms in the United States.
James Simmons is very "headstrong", and his company does not need the involvement of Wall Street traders at all. Because of the mysterious and awesome quantitative model.
Chen Hui is also very coveted for their quantitative model, but the probability of success is almost zero, even if he gets a part, it is useless, and it is useless if he can't get a complete quantitative model!
These genius mathematicians use mathematical or statistical models to simulate the future direction of the financial market! It has to be said that it is very good, but it can also be the end of the black swan.
The best way is to combine a trader with a quantitative computer!
Today, Blackshirt Capital has Braga's quantitative model, but it is not complete, because her old employer, Blue Crown Assets, has a part of the quantitative model. When Braga leaves, naturally Braga will not be allowed to take these things with him.
So Braga needed to redesign a set of quantitative models.
In the area of quantitative trading, Chen Hui really doesn't understand and is not good at it, he is a trader himself, trading by himself, not relying on computers at all.
After all, computers are still not as good as the human brain, and a good trader's brain can completely blow up many quantitative trading models!
But people always make mistakes, and once they make mistakes, they may have to lose a lot, although Chen Hui is now instructing the trading team of Black Shirt Capital to operate and make a lot of money, what if he doesn't point out the direction?
People can win countless victories, but they are afraid that they will be finished if they fail once, and the ancient military genius, Hannibal, was not so good at winning a hundred battles, and finally losing once was completely finished.
Therefore, Blackshirt Capital is in great need of quantitative trading talents like Braga!
At this time, Braga said with a smile: "Compared with quantitative trading, the developed financial market, which accounts for 80% of the trading volume, will have a very huge development space for quantitative trading based on programmatic trading, and more diversified products will continue to emerge in the future, and quantitative investment will also show a trend of diversified development." At the same time, the sophistication of strategies, the reliability and the refinement of trading tools will continue to increase!"
"In Xiangjiang, an international financial center city, I intend to let Black Shirt Capital in the asset management department, has been committed to promoting and improving the professional awareness of friends who are interested in quantitative investment, and strive to popularize this powerful work in the mainland, I believe that many people will choose our quantitative trading, and the assets under management of our Black Shirt Capital Asset Management Department will become larger and larger!"
"Well, that's good! Chen Hui nodded and said with a smile: "Braga, I believe in you!"
Chen Hui has a lot of trust in Braga's ability, otherwise she would not have become the queen of hedge funds with her quantitative trading model in the future!