Just like our portfolio companies: Reonomy, Quovo, Reorg-Research and TradeBlock - Kensho are bringing transparency to traditionally opaque markets.. and annoying people in the process.. I enjoy seeing quotes like "You betrayed the brotherhood! If you discover it, you trade off it–you don’t make it public and kill the arbitrage"
The screaming calls from hedge funds started coming for Daniel Nadler on Jan. 24, 2012. That was the day Nadler, then a 28-year-old Harvard Ph.D. in economics, co-wrote a story on Bloomberg pointing out how the strength of the dollar can predict weekly lows in the S&P 500 index. At the time traders were making a bundle on this dollar-S&P correlation. “They were like ‘You betrayed the brotherhood! If you discover it, you trade off it–you don’t make it public and kill the arbitrage,’” says Nadler, a fast-talking Canadian with dark ringlets flopping over his forehead.