The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
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the smell of money. And the sweet perfume of something he loved even more: pure, unbridled testosterone-fueled competition.
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The small, private affair was a gathering of a select group of wealthy and brilliant individuals who had, through sheer brainpower and a healthy dose of daring, become the new tycoons of Wall Street.
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The next billionaire Muller spotted was Ken Griffin, the blue-eyed, notoriously ruthless manager of Chicago’s Citadel Investment Group, one of the largest and most successful hedge funds in the business. Grave dancer of the hedge funds, Citadel was known for sweeping in on distressed companies and gobbling up the remains of the bloodied carcasses. But the core engines of his fund were computer-driven mathematical models that guided its every move. Griffin, who sported a no-nonsense buzz cut of jet-black hair, was the sort of man who triggered a dark sense of foreboding even in close ...more
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Griffin simply hated to lose to anyone at anything and approached the poker table with the same brainiac killer instinct that infused his day-to-day trading prowess.
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The trade magazine of choice for hedge funds was called Alpha. A popular website frequented by the hedge fund community was called Seeking Alpha.