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Izzy Englander, the founder of Millenium Management, was overheard talking about “quants,” computer program-minded traders and engineers, recently.According to the Wall Street Journal, Englander said that because more than 25% of his firm’s activity is quantitative arbitrage, many of his pros aren’t comfortable working with colleagues.
“Try telling a quant to be collegial,” he said. “He might give you his birth date and a mug-shot picture.”
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