Will there be a major quant trading firm that donates profits to longtermism?
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Ṁ993
Jan 1
4%
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This question resolves yes if at any time before the end of 2024, there exists a quantitative trading firm or hedge fund with ≥$100m assets under management that gives ≥50% of its profits (company profits after all expenses, not trading profits) to longtermist causes or existential risk reduction.

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“Any person who tells you they’re going to save the world is the last person you’d trust in your actual life”

Promising young trading firm. Proprietary strategies. Founder wants to save the world.

What was their name? Ala…?

predictedNO

@Gigacasting Alameda Research?

50% of profits is insane, even hedge fund traders/PMs don't get that much pnl on a single strat (25% is considered the top, and if it's a prop shop and youre a senior trader then maybe it can go slightly above 50% but then again there are very few props w/ that much aum and this is is only one strat), the partners would have to decide to donate that much and to longtermist and nothing else -- aka not happening.

If the question asked about profits after paying employees or a raw number that a place like RenTec could easily solo then the question would be interesting, but imo this is clearly no.

predictedYES

@RahulShah I meant profits after paying employees, not trading profits.

predictedYES

Edited the question to clarify.

@JonasVollmer do you have any info on this since you are betting yes?

predictedYES

@MaxG Some info, but not really

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