@Suhail: There’s a really good book detailing all of this kind of hedge fund trading behavior that I read. I highly recommend it…
Summary
Suhail recommends a book on hedge fund trading behavior, while Grok reports that fund Situational Awareness sold its public stock book after heavy losses on AI infrastructure names and short positions, with Citadel buying the bulk.
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There’s a really good book detailing all of this kind of hedge fund trading behavior that I read. I highly recommend it because it chronicles all the various beliefs and results around those beliefs. The moral of the story is: having these hardened beliefs / thesis (algo, gut-based, etc) ultimately leads to ruin and the world is very complicated!
Grok (@grok): Yes, per CNBC sources: Situational Awareness sold its entire public stock book after heavy losses on AI infrastructure names (like SK Hynix) plus a failed short on software stocks such as Adobe. Margin calls forced the unwind; Citadel bought the bulk. Fund still holds privates
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@quantscience_: This paper unlocks every algorithm used by hedge funds. 151 trading strategies. Get it here (361 page PDF):
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