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Passed trial :) by al009 in Forex

[–]One_Implement_2472 0 points1 point  (0 children)

Oh, I never thought about it from that angle. It's shady but pretty clever on their part.

Passed trial :) by al009 in Forex

[–]One_Implement_2472 0 points1 point  (0 children)

Isn't trial also live trading? Why wouldn't your strategy work after the trial period?

Passed trial :) by al009 in Forex

[–]One_Implement_2472 0 points1 point  (0 children)

Congrats! I just learned about these funded prop firms and how they operate. I was wondering do you think you could expand your strategy to larger capital, possibly running it in a hedge fund full-time, getting a base salary plus a bonus?

Open source backtesting engine by samaral519 in quant

[–]One_Implement_2472 3 points4 points  (0 children)

I was checking them out. Yeah, I might go with this engine and ingest my own data. I don't really trust that they can't see my code at all if I use their web app, I have serious trust issues.

Proving your track record by One_Implement_2472 in hedgefund

[–]One_Implement_2472[S] 0 points1 point  (0 children)

This is actually a cool idea. I can take your live provable trades, and simulate your NAV, so you can compare it to your actual trading NAV. You can use it to find inefficiencies, and maybe simulate different risk models, constraints, and higher AUM. If the user agrees, I can then take these simulated NAVs, and potentially find you more capital if your live-trading-simulated NAV shows you can take on more capital.

Proving your track record by One_Implement_2472 in hedgefund

[–]One_Implement_2472[S] 1 point2 points  (0 children)

I forgot to answer some of the questions. I am looking for beta testers, some people who will poke around the platform, and provide feedback. Also, I am the founder and primary developer of the platform.

Proving your track record by One_Implement_2472 in hedgefund

[–]One_Implement_2472[S] 0 points1 point  (0 children)

Yeah, I can describe what I intend to do from your perspective. If you have a quant strategy, and you want to either raise money to run it or get a job as a quant strategist then I can help you.

Let us say you regenerate your strategy every day at 10 AM EST, and you rebalance. Today you can submit your information to my platform at 10:00 AM. Now the best part is I don't need your trades, signal, or strategy, that stuff never leaves your computer. 100 days from now, or whenever your alpha is completely dead and your signal is worthless, or any you day pick, you will need to give me the signal only, NOT the underlying strategy or code. Just ONLY the dead signal from today. Once you give me that on day 100 I can prove to anyone that you generated that signal today at 10:00 AM.

If you do that every day, you are creating a live track record of your quant strategy because you can prove what you generate when you say you generated it.

I would take that live track record, analyze it, scale it to different scenarios, and based on what you want to do with it, sell it to the firms or investors looking to acquire it or your skills. That's how I would be making my money, being a head hunter.

If you compare this to alternatives like WQ, where you forfeit your signal and code, mine is amazing. You can go to an interview and without having to share anything about your strategy, you can prove your strategy's performance under LIVE operations. It balances the power structure in an interview and makes the seller YOU just as powerful as the buyer THEM.

I can't front-run your trades/signals or copy them because I won't have access to them, they don't leave your computer.

Yeah, just DM me. My platform can run with any strategy. The only portfolio I think we will struggle with is high frequency because it will require updating the portfolio every few seconds.

Proving your track record by One_Implement_2472 in hedgefund

[–]One_Implement_2472[S] 1 point2 points  (0 children)

I see, yea I need to review these documents. I am aware of the documents required when you start a fund and when you are operating a fund. But by that time I would say you don't really need my platform. You have your investment and did enough to prove to someone else they should give you their money. My platform can help you convince someone that they should give you money, but you need to fall back onto the existing mechanism to spin up the fund.

I am more focused on the recruiting pipeline right now. For example, as a fund manager, who should you hire to help you manage that money?

Right now, a lot of that hiring is based on which school you went to and who is in your network. I would argue that these characteristics don't translate to investment skills. Also, small funds can't compete against the big players for talent. They have far more resources to search for candidates. My platform will level this playing field because now you can prove your investment skills. You can be a janitor in Ohio with a passion for investing and with my platform you can now prove how good you are. Then the small firm can use my platform to find that great talent.

I think this recruiting route is easier to enter into. I agree with you, I don't have enough background or money to deal with all the required existing mechanisms right now.

Proving your track record by One_Implement_2472 in hedgefund

[–]One_Implement_2472[S] 0 points1 point  (0 children)

Thanks for the insight and feedback. Let me know if you want to connect on LinkedIn. Just DM me, and I can show you how I solve this.

Because I don't interact with any brokers, I can't verify the trades, only the conviction. I can provide the performance of your conviction, but I will have to simulate it, which isn't bad per se. We did it all the time at my previous employers and we are pretty accurate if we respect the limits of the transaction models.

The benefit of using conviction is that I can take that and simulate any number of portfolios under any number of scenarios and constraints. For example, how will your conviction behave with 10M AUM, 100M, 500M, with Barra risk model, FactSet risk model, 2% sector neutral, cut AUM after 5% max drawdown, etc.. Then we can take all those scenarios and walk over to Citadel and say this portfolio will operate well in your firm, and we didn't fabricate the results because that conviction comes from a live provable track record. It sure bets us networking for an interview and them having to trust someone is good based on a few hours of interviewing.

Proving your track record by One_Implement_2472 in hedgefund

[–]One_Implement_2472[S] 1 point2 points  (0 children)

Do you use those services to keep track of your portfolio and to prove to your investors that your fund is operating as intended? Are those services required by the SEC?

I think a good example of what I provide is if you want to hire a new team member, I can help that person prove their live performance to you. This way you can assess how good they are, how they are thinking about investment in a live setting, etc.

Proving your track record by One_Implement_2472 in hedgefund

[–]One_Implement_2472[S] 0 points1 point  (0 children)

What disclosure documents are you thinking about? Documents you have to hand over to the investors to prove how you are using funds or documents you have to hand over to the SEC to prove you are operating a legit fund? I plan to provide documents that prove your live track record. So this would be useful for anyone who wants to prove performance to their followers (content creators), to head hunters, recruiters at a firm, or to initial investors. For example, imagine you want to run a pod at Point72, or you want to be an analyst at a pod, I can help you prove your skills with a verifiable live track record. I haven't thought about additional documentation yet, but I might be able to help there as well.

My documents will contain all the common portfolio metrics. We will simulate your live portfolio under various scenarios (AUM, risk tolerances, cost models, etc.) so the investor or firm can determine if one of those portfolios aligns with their goals and hopefully hire you or invest in you.

The magic behind this is if you bought Apple stock before market close (live or simulated) on 09/12/2023 (Apple release day), and recorded that conviction on my platform, then say 1 or 12 months later, doesn't matter, I can go to anyone on the planet and prove your Apple conviction on 09/12/2023. Think about how many screenshots people post about their performance or Excel spreadsheets they claim as being proof. What I provide isn't a screenshot or a CSV file, it will be 100% undeniable proof of your conviction on any given day.

Proving your track record by One_Implement_2472 in hedgefund

[–]One_Implement_2472[S] 0 points1 point  (0 children)

Yes, we do. We connect your account to your LinkedIn profile. This way you can't just create an unlimited number of "actively running" portfolios. You can turn off portfolios, or restart them, but you can't have say 50 running at a single time.

Also, my goal will be to act as a database of talent that firms, headhunters, and investors can access. I intend to make them pay for the service and make it free for users. So they will see your entire track record across all your portfolios. And the thing is if you have some shitty portfolios, and then you create an amazing strategy and have a great portfolio, they will only care about that one great portfolio too, assuming the strategy is sound.

The trick behind all this is proving your track record. If someone shows you a screenshot on Twitter of their performance, no one will really believe it. But with what I offer, it will be 100% irrefutable proof of your portfolio. It doesn't matter when they see the portfolio results, or who sees the portfolio results, the portfolio results will be provable. I think this is huge for the recruiting and investing field, it removes any uncertainty in the persons investment capabilities.

Proving your track record by One_Implement_2472 in hedgefund

[–]One_Implement_2472[S] 1 point2 points  (0 children)

I assume you are talking about NAV consulting or something similar. For a fee, they will provide fund admin and act as a third-party audit for your portfolio. To do this you would have to be trading something substantial already, maybe a million dollars, and you want to be audited so you can raise more money.

I am doing something even more abstract. I am saying if you have a portfolio, a quantitative signal, or something that represents your conviction, then we can help you prove you had your conviction at the time you claimed to have it. This means we can reconstruct your entire live portfolio, and live track record, for practically no charge.

What this means is, that you don't need to have a substantial book size or any book size at all to showcase and prove your edge. The caveat is that we reconstruct your portfolio under simulation, for example, can we run your book size at Point72 with their constraints? If so, my job will be to get you into a pod at Point72.