Kodai shutting down
Fresh off of their knob getting slobbed on by everyone here looks like Bbg reporting returning all capital
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HFM / with intelligence reporting that too
I thought it was just outside capital?
Brutal, I remember they were the 'hottest fund' for a quarter or two last year.
Fully shutting down or just going back with mlp?
Damn
is there any platform spinoff that isn't a complete joke?
CANDLESTICK
they had a really shitty 2022 or 2023, forgot which
Issue is their returns are publicly viewed, if you followed any individual PM over time they would have bad years/blow ups. Except for on this forum, where selection bias in the yearly comp thread makes every PM look like they crush every year, who exactly those PM/Funds are seems to morph every year.
Well, they aren't just one or two PMs. Like these funds have a full team, sometimes more than 100 employees at launch. I get that pass through fees are going to dampen returns in the first year. But overall, I just think too much AUM is in the space. I mean, how many people really can make alpha trading the same 500 most liquid stocks or whatever.
haha
Symmetry seems pretty solid
who gives a fuck about this stupid hf bs?
u trade menial fixed income securities on leverage, what kind of business is that
grow a pair or join SNL
Look at Mensa over here
to answer your question, people on a hedge fund forum care about hedge fund bs
shockingly
What even is the hedge fund bs?
How do equity derivative traders make money? Makes 0 fucking sense sound like a bunch of ubllshit
Damn, not Kodak.
PS: Why is it that WSO search doesn't show me any results when I search for Kodai? (Yes, I've heard of them before.)
Because WSO search is worse than 2010s Bing
Surprised the AI bot summaries work so well (except when they use OP as their sole source, LOL). That set a high bar.
Surprised WSO doesn't use the "Search by Google" feature ... that's what sites with crappy native search usually end up doing.
Lol. Joon new COO of Balyasny L/S
.
And why’s that? What role do you think the COO has in the return stream of a hf? Do you think that’s at all a relevant way of assessing success in his role?
Not nearly as incredulous as Marshall Wace picking up Antara's Himanshu Gulati
Not saying COO had a lot do with the blowup and you have to buy the underpriced asset when you can’t pay up compared to your competitors. But, you gotta feel for Dmitry. I honestly think, results-wise, Balyasny develops talent better than the other platforms. Obviously MLP’s (and citadel) better at attracting talent…especially when Izzy’s constantly knocking with 50-100m. Surprised Steve would leave but hey money talks…
ANyone have numbers on how bad the blow up was?
Also curious. Amazing that most acclaimed funds cannot handle 1 risk off quarter.
This still amazes you? 😁
cofounder joining balyasny lol theyll land on their feet
this is all misinformation. you're all in the HF forum, put your logical / business hats on for a minute
based on that, consider whether the implicit assumption that events took place in the same order that the bloomberg articles came out might not be true
either tell us what you know about their performance or stfu
Now I know how mgmt feels when they genuinely try to give an answer by walking through information that's been publicly disclosed, and the pod analyst in the meeting replies "so... can you confirm explicitly that means you don't think you'll hit the analyst day guide anymore?"
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