World's largest hedge fund?!
Does anyone know of a hf by the name of strategery capital? Strategies, lifestyles, etc. It's the largest hf in the world, but i haven't heard of it up until now.. Im at stanford right now btw, comp sci major. So Im wondering if it's quant (alot of the big HFs are quant right now)
MOD EDIT:
Apparently the hedge fund has a website up.
http://strategerycapital.com
...i beg to differ. I believe the United States government is the world's largest hedge fund.
Oh wait, they are one and the same. My bad.
http://www.strategerycapital.com/
If you want to work for them , Ive got a nigerian friend with a STUNNING investment proposal for you.
i'm hoping this was a joke
yea.. it was.
for those that don't know, when asked for his favorite word in an SNL skit between Bush and Gore, Bush said "strategery". Gore said "lockbox".
Some believe that the largest HF by AuM is JP Morgan, also some believe it is Man Group. Never heard of the name(s) you mentioned anywhere before...
It was a joke...
So what do you do? -I work for an investment banking firm. Oh okay; you are like my brother, he works for Edward Jones. -No, a college degree is required in my profession
Dumb. Everyone knows the largest hedge fund in the world is Chinesery Capital. They're so baller they practically own the dollar.
Dont worry people, the government is working towards beating China...I mean Chinesery capital...
So what do you do? -I work for an investment banking firm. Oh okay; you are like my brother, he works for Edward Jones. -No, a college degree is required in my profession
World's largest Hedge Fund. (Originally Posted: 10/01/2012)
Apparently Apple now has the world's largest Hedge Fund. What do you think Apple will do with this truck load of cash?
Here is the link to the article.
http://www.bgr.com/2012/10/01/apple-hedge-fund-braeburn-capital-117-bil…
Even if Apple were a hedge fund - and it is not - Bridgewater Associates would still have a larger AUM.
Per Thomson: Bridgewater Associates, Total Assets: >$150bn
Obviously you didn't read the article. Braeburn is the HF run by Apple @ 117B, while Bridgewater has 120B AUM, so I'm not quite sure where the author came up with the idea that its the largest HF, though certainly huge.
Funny name though - Braeburn is a type of apple
I did read the article, indeed I read both of them; clearly, you did not.
In the BGR piece, the author makes the baseless claim that B-water has $100bn AUM.
The rocket surgeons over on ZeroHedge, to which BGR in turn links, similarly assert that B-water is at $100bn (I suspect this is the unattributed source of BGR's figure).
To recap: neither OP's link, nor the subsequent ZeroHedge page, make any mention of $120bn as B-water's current AUM figure. Therefore, you either pulled it straight out of your ass, or are going off of something you saw in the past, which is just as useless. In addition, you directed a baseless accusation at me. Finally, you may be illiterate.
Now HMD.
Agreed. I'm looking at a copy of the Hedge Fund Intelligence magazine sitting on my desk which contains a list of the largest hedge funds (as of Jan 2012). The top 5 list stands at:
1- Bridgewater Associates 2- Man GLG 3- Brevan Howard Asset Management 4- Och-Ziff Capital Management 5- Winton Capital Management
Cascade Investments is the hedge fund that manages Microsoft's assets, however I wouldn't categorize Cascade nor Braburn as hedge funds, but rather private investment trusts or something even more demeaning.
I just got done reading this and headed here to post it.
I am interested in finding out why it is based in Nevada.
BTW, here is the actual article and not the bullshit one that bgr slapped together:
http://www.zerohedge.com/news/2012-09-30/presenting-worlds-biggest-hedg…
It's pretty much long-only, making it a small fish in that sector.
Braeburn is located in Reno, Nevada so that Apple doesn't have to pay California taxes. Citizens of California are definitely getting the short end of the stick with the billions in tax revenue lost.
It's growing $15bn a quarter. $130mm is an implied value.
Must be tough to watch CNBC on west coast time.
World's Largest Hedge Fund Shifts Strategy To Artificial Intelligence (Originally Posted: 02/28/2015)
http://www.bloomberg.com/news/articles/2015-02-27/bridgewater-is-said-t…
Sorry for the bump, but I was wondering, how much of a reflection is this on the future direction of hedge funds?
Well, if you believe Stephen Hawking, Elon Musk, Steve Wozniak or Bill Gates, intelligent machines are taking over the world.
As AI improves, particularly deep learning and reinforcement learning, it will be able to better and better model complex dynamic systems without requiring a fundamental understanding of the underlying mechanics. So I think you can apply this to anything where its difficult/impossible to make an analytic model of the mechanics (self-driving cars, natural language processing, financial forecasting, etc.).
Today, you can buy a 100 Teraflop computer for $30,000 or 1 Petaflop for $350,000 based on NVidia GPUs. Consider that in 2005, the faster supercomputer in the world and the first to ever hit 100 Teraflops was the BlueGene/L. It cost $100 million and was installed in Lawrence Livermore National Lab for nuke simulation. And in reality, you will never get to the full 100 TFlops because its so expensive you have to share it with 100 people at once.
So in 10 years, the cost went down by a factor of 333x. So in 10 more years, you will buy a 100 TFlop GPU based system for only $1050. When this happens, the average Joe will have the processing power of 2sigma (source: WSJ), for example. Or, a hedge fund will have 333 times the processing power it does today.
All of this cheap (commodity) processing is going to translate into an environment where success is determined by: (1) Having the best computer science staff (2) Having access to the highest volume and highest quality information.
Since machine learning is totally dependent on the information you put into it, (2) will be a barrier to entry that firms will be able to exploit to their advantage. So if you want some advice from somebody who has never worked in the finance industry, I say you want to be involved somehow with (1) or (2). For instance, you could be adept at either collecting information or forming deals with companies to harvest their information, paying them a cut of the profits you generate from it.
In fact, I'd say that funds will not so much recruit investors for capital, in order to give them a cut of the profit. Instead, a big chunk of it will be making deals with corporations/governments with large amounts of data, giving them a cut of the profit from the data. This is basically what Silicon Valley is doing today with their treasure trove of information.
Can a computer perform management or on-site due diligence? Could it predict political risk? If there are not a sufficient amount of observations or accurate inputs, could it project future results accurately? Also, when will they tell me the weather accurately past a couple days? The atmosphere represents a complex system, right?
Aut recusandae qui magni non. Tempora nostrum harum eum. Inventore voluptatem aut harum ullam nemo occaecati. Laudantium mollitia quia ut nihil voluptas. Corrupti accusamus facere corrupti odit dicta.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Nemo molestiae nihil quidem voluptas. Veritatis sunt deleniti vel dolorem. Odio eum facilis et illo.