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 belonging to their family.
In that case, Barron didn't mind giving her a ride. At this time, Ivanta also noticed that behind the extended Lincoln they were riding in was a whole car of bodyguards following.
This scene also made her secretly admire the grandeur of the Duke from England beside her.
"Duke Cavendish, I wonder how long you will stay in New York?"
Ivanta asked softly as he looked out the window and realized that he was about to reach the building where his home was.
"It will be two or three days at most. I will return to London after finishing things here. Why do you ask this suddenly, Miss Troup."
Hearing his words, Ivanta winked at Barron and said,
"I'm sorry that this happened today. If you still have time, I would like to invite you to my house to make up for it."
"You don't have 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. Next time I come to New York, I can invite you to a party at my new home..."
At this point, Barron noticed Amanda's gaze towards him:
"I have also invited Amanda and Lydia before, you are welcome to come when the time comes. Also, if you have the opportunity to visit England, please let me know, I will be very honored to host you."
At this time, the extended Lincoln had stopped in front of the Trump Building. Ivanta looked at Barron with her beautiful eyes:
"Then I need to know your contact information first."
Barron saw Ivanta holding a cell phone and playfully gestured to him, so he 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 him and couldn't help but curled her lips.
Her subconscious action was caught by Ivanta's sight. She smiled, said goodbye to everyone, got out of the car and left.
Barron then took the Hearst sisters back to their residence and eventually 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. She told her cousin that she wanted to talk to His Royal Highness the Duke alone...
Lydia laughed in her heart, turned around to look at Barron again, and then slowly walked into the villa gate.
"Amanda..."
When Barron was about to ask her if there was anything else, he was attacked again. Amanda grabbed Barron's arm and kissed him...
But this time she kissed Barron on the mouth, and they separated immediately.
"Goodbye, dear Barron."
While Barron was stunned, Amanda turned around with a red face and wanted to leave.
Having lived two lives, how could Barron just let this girl get away with a sneak attack?
At that moment, he took Amanda's hand and brought her into his arms...
Then, lower your head and hit the target accurately...
A long and immersive kiss, when Amanda almost suspected that she would suffocate...
Lip parting.
"Goodnight, Amanda."
After kissing the girl's blushing face again, Barron turned and left.
Only the girl was left standing at the door of the villa, staring blankly at Barron waving at her from the car until the taillights of the car disappeared from her sight.
"Sister, what did you say to His Royal Highness the Duke just now? Why is your face so red?"
When Amanda returned to the villa, Lydia began to ask questions rapidly.
"I...maybe I'm in love."
…
"Li Qing, huh? Welcome to DS Capital."
In the office of DS Capital's New York branch, Barron specifically spoke to the Chinese people in front of him in Chinese.
"Duke Cavendish, you speak Chinese very well..."
Li Qing, a former "young genius", came to the United States to pursue a master's and doctoral program at Duke University after graduating from Yenching University. After only one semester, he passed the master's qualifying examination of this university ranked eighth in the United States.
In the future, Li Qing will be known as the "King of High-Frequency Quantitative Trading" on Wall Street and will also be one of the earliest fund managers to engage in high-frequency quantitative trading.
However, at this time, Li Qing was still working as a quantitative trading researcher in a proprietary 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 work on his own. However, Baron was very optimistic about his future potential.
Of course, it was not just Li Qing who interviewed Barron that day, but also Wall Street elites, mathematicians, physicists and even experts from many fields such as astronomy and biology.
Just like the reason why Barron hired Li Qing at a high salary, that is, in the future, DS Capital will be involved in the field of quantitative trading.
In the quantitative investment circle of Wall Street, quantitative hedge funds such as Renaissance Technologies, D.E. Shaw, Two Sigma Investments, Millennium Fund, Bridgewater Associates, Citadel Investment Group and SAC Capital are top players.
For example, Simons, the founder of Renaissance Technologies, is a genius. He obtained a doctorate in mathematics at the age of 23 and later entered the field of finance.
His way of financial investment is completely different from the previous Wall Street model. He conducts financial investment by establishing mathematical models and using the power of technology.
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 of its transactions 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, Baron had paid attention to this company. From 1998 to 2018, the Renaissance Fund's compound annualized return before fees was 66%, close to 70%!
After deducting management fees and performance shares, the fund's annualized rate of return still reaches 39%!
This fund successfully escaped the technology stock crash in 2000 and the financial crisis in 2008, and achieved returns of 98.5% and 82% respectively that year!
David Shaw, the founder of another prestigious quantitative trading company, D.E. Shaw Fund, obtained a Ph.D. 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 vice president of Morgan Stanley's automated analytical trading technology department.
Two years later, in 1988, he resigned from Morgan Stanley and started his own business.
Using complex mathematical models to identify hidden market trends or pricing anomalies, and then combining them with cutting-edge computer technology to conduct transactions, this is the winning formula of D.E. Shaw Fund. At its peak, the fund's trading volume accounted for 5% of the entire New York Stock Exchange.
Barron had a lot of experience in the financial industry from his previous life, but from this time on, he had already prepared for a rainy day, believing that he could not rely solely on his memories for financial investment.
After all, on the one hand, no matter what, he can only have a clear memory of the more critical price points of some financial investment products, but it is impossible to completely remember all price trends.
In addition, as the funds operated by DS Capital continue to increase, its impact on market trends after entering these financial markets will become increasingly greater.
Therefore, there will always be a day when the world's financial operating curve will deviate greatly from his memories of his previous life.
But at the moment he doesn't know how long it will take for that day to appear.
After all, although there is such a thing as the butterfly effect, the gears of history also have great inertia.
But he had to prepare for this early.
Entering the field of quantitative trading was one of his preparations for this day.
In addition, when conditions are right 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 Daven Stevens, the manager of DS Capital's New York branch. He could remember that they were people who would achieve great success in quantitative trading and high-frequency trading in their previous lives.
These include practitioners in the financial field, as well as experts in other fields who play a key role in the creation of mathematical models for trading.
Of course, these people are also the ones who are willing to join under the high salary invitation of DS Capital...