
Nicolas Mirjolet - Multivariate Trend Following (S7E8)
Flirting with Models
Analyzing the Advantage of Larger Players in Asset Management
This chapter explores how larger players in the market hold advantages over smaller competitors in asset management, debunking the notion that smaller firms are more nimble. It delves into the significance of scale, the broader range of alphas, and the ability to replace traders that give larger players a competitive edge, alongside discussing challenges in maintaining alpha in short-term trading and the benefits of trade netting and cash cross-utilization for bigger groups.
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