Yep interested too by Verition. Never heard about past performance of this fund, but their AuM is growing rapidly.

Verition's returns seem to be deteriorating. Don't know YTD 2023 but 2022 seemed to lag other MMs. Probably hiring too fast

Wow Schonfeld really lagging - even last year too I think they were flat. Anyone have additional color? Their newly hired macro division head was fired by BAM and Citadel so not great selection bias there...

MLP did 100% of its YTD perf during the last two weeks.

Which way are you speculating performance has been MTD in June?

lol weak I’m up 75% this year and mostly long NVDA TSLA. Unreal how these “hedge funds“ get paid to underperform simple S&P with less stability than PE/VC which don’t have nearly as much volatility

My TQQQ is up 116% YTD. I must be a genius right?

You rode the meme / AI hype wave. A lot of people did the same in 2021, which was the tail end of a decade or more of QE / easy money. A lot of morons (like you) thought they were geniuses then, and did so by taking inane amounts of risk.

(And by the way, I’m down all-time on my TQQQ)

Most Helpful

Important to make sure we compare the right mix of strategies - Citadel Wellington vs. Citadel equities, etc. vs the equivalent strategies at MLP. If it is a like for like comparison, I can't imagine that significant of a disconnect between Citadel and MLP in process other than what Citadel might be doing at the fund level / offsetting / central book trading. Speaking with zero knowledge of course. 

The other explanation is that Citadel / MLP / DE Shaw has just acquired more talent - which is a virtuous cycle as the profits allow them to be the most aggressive at acquiring talent. At the end of the day, these funds are basically the future of institutional allocators; they are just exceptional at identifying and paying up for talent.

Curious that P72 equities seem to under perform Citadel Equities - but as I said before, it is really driven by how many exceptionally talented pods you can hire and lever up. Maybe the tighter limits and better talent allow for slightly more leverage? Speaking out of my ass here... 

Very helpful! Do you have any perspectives / thoughts on Baly? Would love to hear what people's thoughts are

Also Cit risk limits and expectations of the amount of risk you will take are higher than most other pods. You actively "lose" AUM if you're not using your targeted vol.

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