Chapter 202 Quantitative Trading

Ivanta's residence is not far from here, in the Troup Building on Fifth Avenue - the top floor of that building is the mansion that belongs to their family.

In this case, Barron didn't mind giving her a ride. At this time, Ivanta also noticed that after the Lincoln car they were sitting in, there was a whole car of bodyguards following it.

This scene also made her secretly sigh at the pomp and circumstance of the Duke from England next to her.

"Duke Cavendish, I wonder how long you will stay in New York?"

Looking out the window, Ivanta asked softly when she realized that she was about to arrive at the building where her home was located.

"There are two or three days at most. After handling the matters here, I will return to London. Why are you asking this suddenly, Miss Troup?"

Hearing his words, Ivanta blinked at Barron and said:

"I'm sorry that something like this happened today. If you still have time, I would like to invite you to my home to make up for it."

"You don't have to be so polite, Miss Troup..."

"Just call me Ivanta..."

"Well, Ivanta, we are already friends, aren't we? It may be too late this time. When I come to New York next time, I can invite you to a party at my new home..."

Having said this, Barron noticed the way Amanda looked at him:

"I also invited Amanda and Lydia before. You are welcome to come when the time comes. In addition, if you have the opportunity to visit England, please let me know. I will be very honored to entertain you."

At this time, Lincoln had stopped in front of the Troup Building, and Ivanta looked at Barron with beautiful eyes:

"Then I need to know your contact information first."

Barron saw Ivanta holding the mobile phone and playfully gestured to him, then took it and entered his number on it...

Faced with the scene where Ivanta took the initiative to ask for Barron's contact information, Amanda glanced at the other person and couldn't help curling her lips.

Her subconscious action was caught by Ivanta's gaze. She smiled, said goodbye to everyone, got out of the car and left.

Barron then sent the Hearst sisters back to their residence, and eventually returned to the Waldorf Astoria Hotel.

It is worth mentioning that when Amanda was leaving, Barron got out of the car to see her off, and she told her cousin that she wanted to have a word with His Highness the Duke alone...

Lydia chuckled inwardly, looked back at Barron again, and then slowly walked into the door of the villa.

"Amanda..."

When Barron was about to ask her if there was anything else, he didn't expect to be "sneak-attacked" again. Amanda grabbed Barron's arm and kissed him...

But this time she kissed Barron on the mouth, and it was instant.

"Goodbye, dear Barron."

While Barron was stunned, Amanda blushed, turned around and wanted to leave.

How could Barron let this girl escape unscathed after a sneak attack?

At that moment, he took Amanda's hand and brought her into his arms...

Then, lower your head and hit the target accurately...

A long and immersive deep kiss, when Amanda almost suspected that she would suffocate...

Parted lips.

"Good night, Amanda."

After kissing the girl's rosy cheek again, Barron turned and left.

The girl was left standing at the door of the villa, watching dreamily as Barron waved to her in the car until the car's taillights disappeared from sight.

"Sister, what did you say to His Highness the Duke just now? Why are you blushing so much?"

When Amanda returned to the villa, Lydia started asking questions like a barrage of questions.

"I...might be in love."

…

"Li Qing, right? Welcome to join DS Capital."

In the office of DS Capital's New York branch, Barron specifically spoke in Chinese to the Chinese in front of him.

"Duke Cavendish, you speak Chinese so well..."

Li Qing, a former "young genius", came to the United States to enter Duke University to study for a master's degree and a Ph.D. after graduating from Yenching University. After only one semester of enrollment, he passed the master's qualification examination of this university, which ranks eighth in the United States. .

In the future, Li Qing will be known as the "King of High-Frequency Quantitative Trading" on Wall Street and the first fund manager to engage in high-frequency quantitative trading.

However, at this time, Li Qing was still working as a researcher on quantitative trading in a self-operated department of Lehman Brothers. Although he had been exposed to and had a relatively deep understanding of quantitative trading, he did not have the experience to be alone, but it was important for his future prospects. Barron is very optimistic about the potential.

Of course, it was not just Li Qing who interviewed Barron on this day, but also included Wall Street elites, mathematicians, physicists and even experts in many fields such as astronomy and biology.

Just like the reason why Barron hired Li Qing with a high salary, that is, DS Capital will soon be involved in the field of quantitative trading.

In the quantitative investment circle on Wall Street, quantitative hedge funds such as Renaissance Technology, Deshao Fund, Two West Investments, Millennium Fund, Bridgewater, Castle Investment Group and Sec Capital are top players.

For example, Simons, the founder of Renaissance Technology, is a genius. He received a PhD in mathematics at the age of 23 and later entered the financial field.

His way of making financial investments is completely different from the previous Wall Street model. He builds mathematical models and uses the power of technology to make financial investments.

The Renaissance Fund's mathematical model was compiled by a team of hundreds of people, including experts in string theory physics, astronomy, quantum mechanics, biology, mathematics and other fields.

As a purely quantitative fund, all transactions of this fund are automatically executed by more than 10 million lines of computer code, with very little human intervention.

In his previous life, as a financial practitioner, Barron had paid attention to this company. In the two decades from 1998 to 2018, the Renaissance Fund’s compound annualized return before fees was 66%, close to 70%!

After deducting management fees and performance sharing, the fund’s annualized rate of return still reaches 39%!

This fund successfully escaped the technology stock market crash in 2000 and the financial crisis in 2008, achieving returns of 98.5% and 82% respectively that year!

David Xiao, the founder of another prestigious quantitative trading company, Deshao Fund, obtained a doctorate in computer science from Stanford University at the age of 29. After working as a university teacher for several years, he devoted himself to the financial industry and became a manager at Morgan Stanley. Vice President of Li Automated Analysis and Trading Technology Department.

Two years later, in 1988, he resigned from Morgan Stanley and started his own business.

Using complex mathematical models to find hidden market trends or pricing anomalies, and then combining high-precision computer technology to conduct transactions, this is the magic weapon of Deshao Fund. At its peak, the fund's trading volume accounted for the entire New York Stock Exchange. 5% of the institute.

Barron had a lot of experience in the financial industry in his previous life, but from this time on, he had already prepared for a rainy day and believed that he could not rely solely on his own memories in financial investment.

After all, on the one hand, at best, he can only have a clear memory of the key price points of some financial investment products, but it is impossible to say that he can completely remember all price trends.

In addition, as the funds operated by DS Capital continue to increase, after it enters these financial markets, its impact on market trends will become greater and greater.

Therefore, there will come a time when the world's financial operating curve will deviate greatly from his memory of his previous life.

It's just that he doesn't know how long it will take before this day appears.

After all, despite the butterfly effect, the gears of history also have great inertia.

But he had to prepare for this in advance.

Entering the field of quantitative trading was part of his preparation for this day.

In addition, when conditions are right in the future, he will also enter the field of high-frequency trading.

The people he met today were the ones he had invited through Devon Stevens, the New York branch manager of DS Capital. He could recall that in his previous life, there would be comparisons in quantitative trading and high-frequency trading in the future. Not a bad achievement for some people.

These include practitioners in the financial field, as well as experts in other fields who play a key role in the creation of mathematical models for transactions.

Of course, these people are also those who are willing to join under the high-paying invitation of DS Capital...