HN user

carnitine

524 karma
Posts4
Comments235
View on HN

They provide a service to the market and that’s just a pretty basic description of it. Obviously they hope to make money from doing so, but so does every company.

No different to saying McDonald’s focuses on delivering quick and easy food to customers.

To even have those ‘best alphas’ in the first place and then select them in advance for your best fund is the impressive part. The returns are insane even if the fund is capped.

How exactly would this fraud work? Most HFT firms only trade their own capital and distribute gains internally, there’s no one to defraud. Also it’s been going on a lot longer than a decade.