link cause i’m not a lib https://en.m.wikipedia.org/wiki/Renaissance_Technologies#/media/File%3AGraph_Medallion_2015.jpg

  • DoctaaMonstaa [none/use name]
    ·
    3 years ago

    How the hell do hedge funds work anyway? It seems like a machine that just gives rich people money.

    • sagarmatha [none/use name]
      hexagon
      ·
      3 years ago

      except in this case it gives employees money but yeah something like that, mostly automated trading through algorithms

    • Bloodshot [he/him,any]
      ·
      3 years ago

      You know that 25% of everything that everyone produces that's skimmed as surplus? A lot of that gets put into a Rube-Goldberg Paremovedo machine known as "finance", but that's ultimately where it's coming from.

    • NaturalsNotInIt [any]
      ·
      3 years ago

      Basically they get to do what they want without the public reporting requirements that mutual funds have to do, but the flip side is that only rich people can invest in hedge funds because you're too stupid to make money if you aren't already a millionaire.