https://www.efinancialcareers.com/news/citadel-to-balyasny-after-losing-money
“At hedge funds like Millennium, drawdowns are treated formulaically: lose more than 5% and your capital is cut; more than 7.5% and you're out.”
https://www.efinancialcareers.com/news/citadel-to-balyasny-after-losing-money
“At hedge funds like Millennium, drawdowns are treated formulaically: lose more than 5% and your capital is cut; more than 7.5% and you're out.”
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