Jack Woodruff, a former Citadel trader who started Candlestick Capital in 2019, is winding down the hedge fund https://t.co/3L2JO6ilvb ...

hey chat what is it called when existing investors are paid with funds collected from new investors?ponzu sauce or something?incredibleripples lawyers are the 96 bulls for keeping this team out of jail for this much retail scammingzoomer (@zoomerfied):[ ZOOMER ]RIPPLE $500M SHARE SALE WHICH VALUED COMPANY AT $40B INCLUDED TERMS WHICH GIVE THE RIGHT TO SELL BACK SHARES AT A HIGHER PRICE, GUARANTEEING PROFITS FOR INVESTORS SUCH AS CITADEL: BBG ...

Core Viewpoint - A conflict has emerged between Citadel Securities and the crypto sector, particularly regarding the impact of decentralized finance (DeFi) on the U.S. stock market and consumer protections [1] Group 1: Dispute Overview - Citadel Securities has raised concerns about the potential damage to the U.S. stock market from the rapid growth of DeFi, particularly in relation to tokenized equities [1][2] - The firm indirectly points to Andreessen Horowitz as a key player in this situation, suggesting that their interests may be contributing to the challenges faced by traditional finance [1] Group 2: Tokenized Equities - Tokenized equities allow users to trade shares of popular companies through blockchain technology, offering benefits such as 24/7 trading and instant settlement [2] - Major firms like Robinhood, Kraken, and BlackRock are exploring this technology, which reduces the need for intermediaries and enhances the use of equity-based collateral [2] Group 3: Concerns Raised by Citadel - Citadel specifically criticizes DeFi platforms like Uniswap, warning that they could facilitate the trading of large volumes of tokenized stocks, which may lead to regulatory loopholes if exemptions are granted [3] - The firm expresses concerns about "fragmenting liquidity," suggesting that splitting stock trading between traditional and decentralized systems could increase costs for all traders [3][5] Group 4: Responses from the Crypto Sector - The founder of Uniswap has publicly accused Citadel of attempting to undermine DeFi to protect its own interests in traditional finance [4] - Other figures in the crypto space have echoed this sentiment, suggesting that Citadel's actions are aimed at stifling innovation in the financial sector [4] Group 5: Implications for the Industry - The emergence of tokenized stock trading poses a threat to Citadel's business model, which relies on payment for order flow from firms like Robinhood [5] - While Citadel's concerns about liquidity fragmentation are valid, there are questions about the wisdom of granting regulatory exemptions that could compromise investor protections [5]

Core Insights - CFM has experienced significant growth, with assets increasing approximately 25% from the start of the year to $21 billion as of September, up from $6.5 billion five years ago [3] - The firm emphasizes a collaborative and open culture, contrasting with the siloed approach of many hedge funds, and is governed by a five-member board rather than a single dominant founder [2][5] - CFM's investment strategy is driven by academics, primarily recruiting PhD graduates, particularly in physics, and fostering an environment that encourages research and publication [6][9] Company Culture - CFM maintains a dynamic culture that evolves with its growth, avoiding nostalgia for the past and focusing on shared experiences [4] - The firm prioritizes a sustainable work environment over a cutthroat mentality, which has helped attract and retain top talent [5][11] - New hires are encouraged to respect the collaborative ethos while also bringing fresh ideas, contributing to high retention rates in an industry known for burnout [10][11] Competitive Landscape - Paris has become a competitive hub for quantitative talent, with firms like Squarepoint and Qube Research establishing significant operations, increasing competition across various functions [12][13] - The emergence of world-class peers in Paris has sharpened CFM's competitive edge and created a richer talent pool [13] Performance and Strategy - CFM's flagship Stratus fund has performed well, earning double-digit returns over the past three years, and the firm returned $2 billion to investors to preserve performance [14] - The firm believes its success is linked to its unique culture and philosophies, which prioritize sustainable investment outperformance over short-term profit maximization [15]

Group 1 - Hedge funds are engaged in a competitive talent war, offering pay packages worth tens of millions to attract top talent, including entry-level positions [1][6] - Citadel's CTO, Umesh Subramanian, personally reaches out to in-demand candidates during their decision-making process, which includes recent graduates [2][6] - Subramanian identifies four key qualities in candidates: intellectual curiosity, teamwork passion, interest in commercial applications, and a strong engineering background [3] Group 2 - Despite personal outreach, not all conversations result in hiring; sometimes Subramanian advises candidates to consider other opportunities that may be a better fit [4][5] - The competition for talent has intensified due to the demand for AI expertise, raising the stakes in the recruitment process [8] - Other tech executives, such as Sam Altman from OpenAI and Mark Zuckerberg from Meta, also engage in direct outreach to attract top talent [7]

Market Outlook - US stocks are poised for continued growth through year-end and into early 2026 [1] - Bullish market positioning and favorable seasonality are expected to support the upward trend [1] Expert Opinion - Scott Rubner of Citadel suggests the extension of the US stocks' run [1]

Summary of SL Green Realty 2025 Investor Day Company Overview - **Company**: SL Green Realty (NYSE: SLG) - **Industry**: Commercial Real Estate in New York City Key Points and Arguments 1. **Market Position**: SL Green has established itself as the largest and most accomplished commercial real estate company in New York City, achieving significant results through strategic decision-making and market exploitation [2][3][4] 2. **2025 Performance**: The company exceeded its original guidance for the year, successfully leasing its portfolio and initiating new development projects, despite setbacks in pursuing the Caesars Palace Times Square proposal [3][4] 3. **Interest Rates Impact**: High interest rates have posed challenges, overshadowing strong operating results. However, they have also created opportunities by keeping prices down for high-quality assets, leading to a belief that 2026 will see a turnaround in asset prices [4][5][6] 4. **New York City Fundamentals**: New York City’s economy remains robust, with a vacancy rate significantly lower than other major cities. The demand for quality office space is driving rents higher, supported by limited new construction [7][8][9] 5. **Business Strategy**: SL Green is transitioning to a more diversified and asset-light model, focusing on asset management and creating reliable cash flows. The company aims to grow its fee structure significantly in the coming years [16][18][19] 6. **Investment Activity**: The company has been proactive in acquiring interests in properties at favorable cap rates, enhancing its portfolio with near-perfect information on occupancy and market conditions [28][29][30] 7. **Future Outlook**: The company plans to continue developing premier assets, expanding its asset management business, and maintaining a focus on tenant experience and service [19][20] 8. **Political Landscape**: The changing political environment in New York is acknowledged, with confidence in collaboration with the new mayoral administration to address housing, affordability, and sustainability [21][22] Additional Important Insights 1. **Economic Growth**: New York City is leading the nation in new business creation, with significant venture capital investment, particularly in technology, indicating a strong recovery and growth potential [9][10] 2. **Public Safety Improvements**: Enhanced public safety measures have contributed to a more favorable environment for businesses and residents, positively impacting office occupancy rates [42][43][44] 3. **Hospitality and Entertainment Growth**: Upcoming events like the FIFA World Cup 2026 are expected to boost the hospitality sector, further enhancing the city’s appeal [13][14] 4. **International Investment Trends**: There is a notable shift in buyer composition in Manhattan, with domestic institutional and private capital replacing international investors, although a resurgence of international interest is anticipated [63][64] This summary encapsulates the key discussions and insights from the SL Green Realty 2025 Investor Day, highlighting the company's strategic positioning, market dynamics, and future outlook in the commercial real estate sector.

🇺🇸 LATEST: Citadel wrote to the US SEC calling for tighter rules on tokenized assets and DeFi.The crypto community pushed back, raising concerns about overregulation. https://t.co/yOG8lILlx4 ...

Next-generation payments firm Fin has raised $17m in series A round, supporting the expansion of the team and the launch of the company’s stablecoin-powered payments product. The funding round was spearheaded by Pantera Capital, with Sequoia Capital and Samsung Next taking part in it. The product is set to launch soon, with early users including global enterprises, financial institutions, and businesses operating in the crypto sector that require a quick and reliable payment infrastructure. According to ...

Uniswap founder Hayden Adams said on X that Ken Griffin and Citadel are urging the SEC to treat developers of decentralized protocols as if they were centralized intermediaries. He rejected the claim that DeFi cannot provide “fair access,” arguing it conflicts with open-source, peer-to-peer designs that lower liquidity barriers—highlighting a fundamental conflict of interest between traditional market makers and open DeFi. https://t.co/2xgAfk5nD6 ...