Chapter 202 Quantitative Trading
Ivanta's residence is not far from here, in the Troup Building on Fifth Avenue - the top floor of that building is the mansion that belongs to their family.
In this case, Barron didn't mind giving her a ride. At this time, Ivanta also noticed that after the Lincoln car they were sitting in, there was a whole car full of bodyguards. Follow him.
This scene also made her secretly sigh at the pomp of the Duke from England next to her.
"Duke Cavendish, I wonder how long you will stay in New York?"
Looking out the window, Ivanta asked softly when she realized that she was about to arrive at the building where her home was located.
"There are still two or three days at most. After handling the matters here, I will return to London. Why do you ask this suddenly, Miss Troup."
Hearing his words, Yi Wanta winked at Barron and said:
"I'm sorry that something like this happened today. If you still have time, I would like to invite you to my house to make up for it."
"No need to be so polite, Miss Troup..."
"Just call me Ivanta..."
"Well, Ivanta, we are already friends, aren't we? It may be too late this time. I can invite you next time I come to New York. A party at my new home..."
Speaking of this, Barron noticed the way Amanda looked at him:
"I also invited Amanda and Lydia before. , you are welcome to visit then. In addition, if you have the opportunity to visit England, please let me know. I will be very honored to entertain you."
At this time, Lincoln is already at the Troup Building. Stopping in front of the door, Ivanta looked at Barron with her beautiful eyes:
"Then I have to know your contact information first."
Barron saw Ivanta holding the mobile phone and playfully gestured to him, then took it and entered his number on it. ...
Faced with the scene where Ivanta took the initiative to ask for Barron’s contact information, Amanda glanced at the other person and couldn’t help but curl her lips.
Her subconscious action was caught by Ivanta's gaze. She smiled, said goodbye to everyone, got out of the car and left.
After that, Barron sent the Hearst sisters back to their residence, and finally returned to the Waldorf Astoria Hotel.
It is worth mentioning that when Amanda was leaving, Barron got out of the car to see her off, and she told her cousin that she wanted to have a word with His Highness the Duke alone...
Lydia laughed in her heart and looked back again. After glancing at Barron, he slowly walked into the villa door.
"Amanda..."
When Barron was about to ask her if there was anything else, he didn't expect to be "sneak attacked" again. Amanda grabbed Barron's arm, and then Kissed him...
But this time she kissed Barron on the mouth, and it was instant.
"Goodbye, dear Barron."
While Barron was stunned, Amanda blushed, turned around and wanted to leave.
Having been born in two lifetimes, how could Barron let this girl escape unscathed after a sneak attack?
At that moment, he took Amanda's hand and brought her into his arms...
Then, he lowered his head and hit the target accurately...
A long and immersive deep kiss, when Amanda almost suspected that she would suffocate...
Parted lips.
"Good night, Amanda."
Kissing the girl's rosy cheek again, Barron turned and left.
The girl was left standing at the door of the villa, watching dreamily as Barron waved to her in the car until the car's taillights disappeared from sight.
"Sister, what did you just say to His Highness the Duke? Why are you blushing so much?"
When Amanda returned to the villa, Lydia began to ask questions like a barrage of questions.
"I...may be in love."...
"Li Qing, right? Welcome to join DS Capital."
In the office of DS Capital's New York branch, Barron specifically spoke in Chinese to the Chinese in front of him.
"Duke Cavendish, you speak Chinese so well..."
Li Qing, a former "young genius", came to the United States to enter the university after graduating from Yenching University Duke University is a combined master's and doctoral program. After only one semester of enrollment, I passed the master's qualification examination of the eighth-ranked university in the United States.
In the future, Li Qing will be known as the "King of High-Frequency Quantitative Trading" on Wall Street and the first fund manager to engage in high-frequency quantitative trading.
However, at this time, Li Qing was still working as a researcher on quantitative trading in a self-operated department of Lehman Brothers. Although he had been exposed to and had a relatively deep understanding of quantitative trading, he did not have the experience to take charge of it on his own. , but Barron is very optimistic about his future potential.
Of course, it was not just Li Qing who interviewed Barron on this day, but also included Wall Street elites, mathematicians, physicists and even experts in many fields such as astronomy and biology.
Just like the reason why Barron hired Li Qing with a high salary, that is, in the future, DS Capital will be involved in the field of quantitative trading.
In the quantitative investment circle on Wall Street, quantitative hedge funds such as Renaissance Technology, Deshao Fund, Double West Investment, Millennium Fund, Bridgewater, Castle Investment Group and Sec Capital are top players.
For example, Simons, the founder of Renaissance Technology, is a genius. He received a PhD in mathematics at the age of 23 and later entered the financial field.
The way he conducts financial investments is completely different from the previous Wall Street model. He builds mathematical models and uses the power of technology to conduct financial investments.
The Renaissance Fund's mathematical model was compiled by a team of hundreds of people, including experts in string theory physics, astronomy, quantum mechanics, biology, mathematics and other fields.
As a purely quantitative fund, all transactions of this fund are automatically executed by more than 10 million lines of computer code, with very little human intervention.
In his previous life, as a financial practitioner, Barron had paid attention to this company. In the twenty years from 1998 to 2018, the Renaissance Fund’s compound annualized return before fees was The rate is 66%, close to 70%!
After deducting management fees and performance sharing, the annualized rate of return of this fund still reaches 39%!
This fund successfully escaped the 2000 technology stock market crash and the 2008 financial crisis, achieving returns of 98.5% and 82% respectively that year!
David Xiao, the founder of another prestigious quantitative trading company, Deshao Fund, obtained a doctorate in computer science from Stanford University at the age of 29. After working as a university teacher for several years, he devoted himself to the financial industry and became a manager at Morgan Stanley. Vice President of Li Automated Analysis and Trading Technology Department.
Two years later, in 1988, he resigned from Morgan Stanley and started his own business.
Find out hidden market trends or pricing anomalies through complex mathematical models, and then combine them with sophisticated computer technology to conduct transactions. This is the magic weapon for Deshao Fund to win. At its peak, this fund’s trading The volume accounts for 5% of the entire New York Stock Exchange.
Barron had a lot of experience in the financial industry in his previous life, but from this time on, he had already prepared for a rainy day and believed that he could not rely solely on his own memories in financial investment.
After all, on the one hand, at best, he can only have a clear memory of the key price points of some financial investment products, but it is impossible to say that he can completely remember all price trends.
In addition, as the funds operated by DS Capital continue to increase, after it enters these financial markets, its impact on market trends will become greater and greater.
Therefore, there will come a time when the world's financial operating curve will deviate greatly from his memory of his previous life.
It’s just that he still doesn’t know how long it will take before this day appears.
After all, despite the butterfly effect, the gears of history also have great inertia.
But he had to prepare for this in advance.
Entering the field of quantitative trading was part of his preparation for this day.
In addition, when conditions are suitable in the future, he will also enter the field of high-frequency trading.
The people he met today were the ones he had invited through Devin Stevens, the manager of the New York branch of DS Capital. Some people will have relatively good achievements in trading in the future.
This includes practitioners in the financial field, as well as experts in other fields who play a key role in the creation of mathematical models for transactions.
Of course, these people are also those who are willing to join under the high-paying invitation of DS Capital...
(End of this chapter)