Difference between Hedge Fund and Prop ShopSubscribe
For example, what is the difference between First NY and Millennium Management or Citadel? Let's say that the Prop Trader and HF PM both trade in the same asset class. Is there really any difference between the two? I know this question may be very dumb, especially because all prop traders and HF PMs probably have different strategies. But in the general sense can anyone explain the difference? Thank you in advance!