David Rosenthal: belief

Transcript context

…Well, but quant funds are often counterparties to each other. That’s true. But I think yes, adversaries in finding the similar types of trades. I think the counter-positioning for RenTech or for Medallion, specifically, is I do think the single model approach versus the multi-model, multi-strategy approach that most others have, does have benefits like I was talking about in the tapestries. But I think also and maybe bigger is every incentive at RenTech is fully aligned to optimize fund size for performance in a way that is not true just about everywhere else. I think they have the most incentive of anybody to truly maximize performance we’re able to achieve. Even though the dollars would continue to rise because they get fee dollars from more money in the door. They are incentivized in a unique way that makes it so they’re not willing to trade the dampener on performance to get those dollars.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.