118: Manoj Narang – Trading Technology, Alternative Data and Originality
Chat With Traders
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The Evolution of Mechanization in the Investment Process
The most successful hedge fund ever created was Renaissance Technologies, which is no longer even open to outside investors. If you're going to charge high fees, you need to be able to empirically show that you deserve them,. And if not, then you need to charge very, very low fees. These are all manifestations of a longstanding secular trend towards greater and greater mechanization in the investment process.
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