---
title: Quant Letter No. 82: January 2025, Week 3
url: https://www.ml-quant.com/issues/2025-01-15/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
issue_date: 2025-01-15
---


# Quant Letter No. 82: January 2025, Week 3

Sent 2025-01-15. 76 items.

## arXiv

### Finance

- __[Algorithmic Trading Shift](http://arxiv.org/abs/2501.06032v1)__: A new framework for creating automated trading algorithms, which considers real-world complexity and uses an event-based time concept, has been introduced. (2025-01-10, shares: 14) · https://www.ml-quant.com/papers/arxiv/2501.06032/
- __[HJM and Lifted Heston Model](http://arxiv.org/abs/2501.05975v1)__: A multiplicative multi-factor model is suggested to align historical correlations of futures contracts with implied volatility smiles in energy markets. (2025-01-10, shares: 7) · https://www.ml-quant.com/papers/arxiv/2501.05975/
- __[VIX Options Pricing](http://arxiv.org/abs/2501.05975v1)__: The same multiplicative multi-factor model is reiterated, highlighting its successful application to German power and TTF gas markets. (2025-01-10, shares: 7) · https://www.ml-quant.com/papers/arxiv/2501.05975/
- __[Liquidity Provisioning Strategies](http://arxiv.org/abs/2501.06398v1)__: The pricing of VIX options in the SABR model is examined, revealing infinite VIX futures and call prices, and suggesting a capped volatility process as a solution. (2025-01-11, shares: 6) · https://www.ml-quant.com/papers/arxiv/2501.06398/

### Economics

- __[Economics Causal Analysis](http://arxiv.org/abs/2501.06873v1)__: Research shows a rise in the use of causal claims in over 44,000 economic papers from 1980-2023, with complex causal narratives more likely to be published in top journals and receive more citations. (2025-01-12, shares: 16) · https://www.ml-quant.com/papers/arxiv/2501.06873/
- __[Russian Financial Database](http://arxiv.org/abs/2501.05841v1)__: The Russian Financial Statements Database (RFSD) is an open-source collection of annual financial statements from all active Russian firms from 2011-2023, offering data improvements and various economic applications. (2025-01-10, shares: 11) · https://www.ml-quant.com/papers/arxiv/2501.05841/
- __[Anonymous Attention Study](http://arxiv.org/abs/2501.07410v1)__: A study of the Economics Job Market Rumors (EJMR) online forum highlights its evolving relationship with external information sources like Twitter, and raises concerns about inclusivity and professional ethics in economics. (2025-01-13, shares: 11) · https://www.ml-quant.com/papers/arxiv/2501.07410/
- __[LLMs and SCAs in Econ Experiments](http://arxiv.org/abs/2501.06834v1)__: A novel method has been introduced by researchers that uses Large Language Models to simulate economic behavior across different cultures, providing a new tool for economic and behavioral research. (2025-01-12, shares: 9) · https://www.ml-quant.com/papers/arxiv/2501.06834/

### Crypto & Blockchain

- __[Causal Relationships on Ethereum](http://dx.doi.org/10.1016/j.frl.2022.103096)__: Bitcoin's value increases with Tether minting events, particularly when publicized and amid positive investor sentiment, but this effect lessens after an hour. (2025-01-09, shares: 163) · https://www.ml-quant.com/papers/doi/10-1016-j-frl-2022-103096/
- __[Bidirectional Causal Relationships on Ethereum](http://dx.doi.org/10.1016/j.frl.2022.103096)__: The price of Bitcoin rises following Tether minting events, especially when made public and during positive investor sentiment, but this reaction diminishes after 60 minutes. (2025-01-09, shares: 163) · https://www.ml-quant.com/papers/doi/10-1016-j-frl-2022-103096/
- __[Dynamic Causal Relationships on Ethereum](http://dx.doi.org/10.3390/jrfm17010019)__: Research shows a dynamic link between Ethereum's transaction fees and economic subsystems, significantly impacting user activity, exchange volumes, and stablecoin transactions. (2025-01-09, shares: 29) · https://www.ml-quant.com/papers/doi/10-3390-jrfm17010019/
- __[Ethereum Transaction Fees and Economic Activity](http://dx.doi.org/10.3390/jrfm17010019)__: A study indicates a dynamic causal connection between Ethereum's transaction fees and economic subsystems, notably affecting user activity, exchange volumes, and stablecoin transactions. (2025-01-09, shares: 29) · https://www.ml-quant.com/papers/doi/10-3390-jrfm17010019/

### Historical Trending

- __[Congressional Partisanship](http://arxiv.org/abs/2206.10877v2)__: The study uses an advanced language model to confirm the rise in partisanship in U.S. congressional speech since the 1990s, also revealing changes in topic content and partisan phrases. (2022-06-22, shares: 37) · https://www.ml-quant.com/papers/arxiv/2206.10877/
- __[Economics PhD Influence](http://arxiv.org/abs/2501.01533v3)__: The research finds that economics PhD students guided by research-active advisors publish more, but suggests these advisors attract already successful students rather than enhancing their success. (2025-01-02, shares: 34) · https://www.ml-quant.com/papers/arxiv/2501.01533/
- __[Reinforcement Learning for Language Models](http://arxiv.org/abs/2501.06248v1)__: The paper introduces a new method for training large language models using reinforcement learning feedback, which makes models more beneficial and less harmful by adjusting sensitivity to reward values. (2025-01-08, shares: 17) · https://www.ml-quant.com/papers/arxiv/2501.06248/

## SSRN

### Quantitative

- __[Credit Risk Modeling](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5093887)__: The article discusses the use of normalizing flows and invertible neural networks in credit risk modeling to enhance default time estimation and portfolio risk assessment. (2025-01-11, shares: 28) · https://www.ml-quant.com/papers/ssrn/5093887/
- __[Volatility Forecast Combination](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5090177)__: The authors introduce a forecast combination scheme with fluctuating weights based on financial decisions, showing better economic performance than existing methods. (2025-01-09, shares: 12) · https://www.ml-quant.com/papers/ssrn/5090177/
- __[LeadLag Relationships in Stock Futures](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5092250)__: The study investigates the relationships between different maturity stock index futures contracts in China, finding that price discovery is led by near-month contracts. (2025-01-10, shares: 6) · https://www.ml-quant.com/papers/ssrn/5092250/
- __[Enhancing Inflation Forecasts](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5092410)__: A thick modeling approach combining time and frequency-domain models enhances inflation forecasts, particularly during periods of high inflation volatility. (2025-01-10, shares: 10) · https://www.ml-quant.com/papers/ssrn/5092410/
- __[Predicting College Closures](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5094300)__: Predictive models of financial distress in colleges can be developed using a comprehensive dataset on college characteristics, with missing data identified as a key issue. (2025-01-13, shares: 4) · https://www.ml-quant.com/papers/ssrn/5094300/

### Financial

- __[Advancing Towards Net-Zero Economy](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5091140)__: Climate-related bonds issued by governments and international organizations are vital for a net-zero economy, offering investors protection against long-term climate risks and demonstrating government dedication to climate action. (2025-01-10, shares: 8) · https://www.ml-quant.com/papers/ssrn/5091140/
- __[Inflation's Impact on Risky Asset Prices](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5094299)__: A study using inflation swap prices shows that inflation sensitivity changes over time, with good inflation decreasing corporate credit spreads and increasing equity values, while bad inflation can have the reverse impact. (2025-01-13, shares: 7) · https://www.ml-quant.com/papers/ssrn/5094299/
- __[Estimating Location Value with SHAP](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5089118)__: The study uses AI to calculate the location value of Swiss apartments, distinguishing it from the building's value and comparing across different areas. (2025-01-09, shares: 8) · https://www.ml-quant.com/papers/ssrn/5089118/
- __[Impact of Geopolitical Risk on Mutual Funds](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5087499)__: The research shows that active funds in the U.S. lessen the impact of geopolitical shocks by selling stocks of firms exporting to China and buying lottery stocks. (2025-01-09, shares: 3) · https://www.ml-quant.com/papers/ssrn/5087499/
- __[Equity Risk Premium](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5091837)__: The article suggests a new method for predicting the equity risk premium using a deep learning combination forecast, which aggregates firm-level return predictions. (2024-12-11, shares: 15) · https://www.ml-quant.com/papers/ssrn/5091837/
- __[Limited Risk Transfer](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5074997)__: The article defines and estimates risk transfer using data on U.S. investors' portfolio holdings, flows, and returns, and develops a model that explains the observed risk transfer. (2024-12-28, shares: 5) · https://www.ml-quant.com/papers/ssrn/5074997/
- __[Index Rebalancing](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5080459)__: The article reveals that index funds suffer adverse selection costs from changes in the stock market composition, and that an annual rebalancing strategy improves fund returns. (2025-01-02, shares: 3) · https://www.ml-quant.com/papers/ssrn/5080459/
- __[Climate Betas](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5073529)__: The article shows the sensitivity of asset returns to climate risk proxies, and suggests that adding new asset classes to a basic equity-bond portfolio improves diversification during climate stress but increases tracking error. (2024-12-26, shares: 2) · https://www.ml-quant.com/papers/ssrn/5073529/
- __[Insider Trading Strategy for Market Outperformance](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5080674)__: The research suggests a portfolio construction strategy using Monte Carlo simulations and insider trading transactions, showing consistent outperformance of the S&P 500 across most performance metrics. (2024-12-24, shares: 3) · https://www.ml-quant.com/papers/ssrn/5080674/

## RePEc

### Finance

- __[Insider Trading Model](https://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Fwww.sciencedirect.com%2Fscience%2Farticle%2Fpii%2FS0096300324005812%3Bh%3Drepec%3Aeee%3Aapmaco%3Av%3A488%3Ay%3A2025%3Ai%3Ac%3As0096300324005812)__: The proposed insider trading model suggests that a higher correlation coefficient leads to more informative equilibrium prices, reducing trading intensity and the insider's expected payoff. (2025-01-15, shares: 15) · https://www.ml-quant.com/papers/repec/eee-apmaco-v-488-y-2025-i-c-s0096300324005812/
- __[Group Mean-Differences](https://econpapers.repec.org/scripts/redir.pf?u=https%3A%2F%2Fccsenet.org%2Fjournal%2Findex.php%2Fijsp%2Farticle%2Fdownload%2F0%2F0%2F49901%2F53960%3Bh%3Drepec%3Aibn%3Aijspjl%3Av%3A13%3Ay%3A2025%3Ai%3A1%3Ap%3A1)__: The research proposes a compensation-factor to estimate the additional observed variables needed to recover the determinacy coefficient size after eliminating a group mean-difference, impacting the validity of the factor score predictor. (2025-01-15, shares: 4) · https://www.ml-quant.com/papers/repec/ibn-ijspjl-v-13-y-2025-i-1-p-1/
- __[Robust Haberman Linking](https://econpapers.repec.org/scripts/redir.pf?u=https%3A%2F%2Fwww.mdpi.com%2F2571-905X%2F8%2F1%2F3%2Fpdf%3Bh%3Drepec%3Agam%3Ajstats%3Av%3A8%3Ay%3A2025%3Ai%3A1%3Ap%3A3-%3Ad%3A1559039)__: The comparison between robust Haberman linking and invariance alignment for factor models shows that Haberman linking performs better when item intercepts are used, with varying results depending on the loss function chosen. (2025-01-15, shares: 2) · https://www.ml-quant.com/papers/repec/gam-jstats-v-8-y-2025-i-1-p-3-d-1559039/

### Statistical

- __[Impurity Functions in Trees](https://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Fhdl.handle.net%2F10.1080%2F03610926.2024.2317359%3Bh%3Drepec%3Ataf%3Alstaxx%3Av%3A54%3Ay%3A2025%3Ai%3A3%3Ap%3A701-719)__: The research disproves the similarity between impurity and concave functions in decision trees, suggesting a combination of Gini Index and Entropy may be more effective. (2025-01-15, shares: 5) · https://www.ml-quant.com/papers/repec/taf-lstaxx-v-54-y-2025-i-3-p-701-719/
- __[ECB Press Conference Sentiment](https://econpapers.repec.org/scripts/redir.pf?u=https%3A%2F%2Fdoi.org%2F10.1002%2Fijfe.2940%3Bh%3Drepec%3Awly%3Aijfiec%3Av%3A30%3Ay%3A2025%3Ai%3A1%3Ap%3A652-664)__: The research uses FinBERT to analyze sentiment in ECB president's introductory statements, finding that the sentiment about monetary policy significantly affects subsequent press conference content. (2025-01-15, shares: 3) · https://www.ml-quant.com/papers/repec/wly-ijfiec-v-30-y-2025-i-1-p-652-664/
- __[State Equations in High-Dimensional Regression](https://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Fhdl.handle.net%2F10.1080%2F03610926.2024.2322616%3Bh%3Drepec%3Ataf%3Alstaxx%3Av%3A54%3Ay%3A2025%3Ai%3A3%3Ap%3A850-863)__: The article explores the interchangeability of various state equations in high-dimensional statistics through parameter transformations. (2025-01-15, shares: 3) · https://www.ml-quant.com/papers/repec/taf-lstaxx-v-54-y-2025-i-3-p-850-863/

### Machine Learning

- __[Polarized Online Discourse](https://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Flink.springer.com%2F10.1007%2Fs42001-024-00350-y%3Bh%3Drepec%3Aspr%3Ajcsosc%3Av%3A8%3Ay%3A2025%3Ai%3A1%3Ad%3A10.1007_s42001-024-00350-y)__: The study uses social network analysis to examine the traits of 'deniers' and 'believers' in controversial topics on social media. It found that 'deniers' show more consistency, which can aid in controlling information spread and identifying false information. (2025-01-15, shares: 4) · https://www.ml-quant.com/papers/repec/spr-jcsosc-v-8-y-2025-i-1-d-10-1007-s42001-024-00350-y/

### Historical Trending

- __[Foreign Portfolio Investment and Index Crash Risk](https://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Fhdl.handle.net%2F10.1080%2F23322039.2024.2305481%3Bh%3Drepec%3Ataf%3Aoaefxx%3Av%3A12%3Ay%3A2024%3Ai%3A1%3Ap%3A2305481)__: Research shows that exchange rate fluctuations and investor sentiment significantly impact country index crash risk, while net foreign portfolio investment has minimal effect. (2024-02-13, shares: 24) · https://www.ml-quant.com/papers/repec/taf-oaefxx-v-12-y-2024-i-1-p-2305481/
- __[Machine Learning for Stock Market Prediction in Africa](https://econpapers.repec.org/scripts/redir.pf?u=https%3A%2F%2Fwww.mdpi.com%2F1911-8074%2F17%2F12%2F554%2Fpdf%3Bh%3Drepec%3Agam%3Ajjrfmx%3Av%3A17%3Ay%3A2024%3Ai%3A12%3Ap%3A554-%3Ad%3A1540423)__: The XGBoost machine learning algorithm is the most effective at predicting crises in the African stock market, with stock prices and exchange rates being key factors, according to a study. (2024-09-13, shares: 22) · https://www.ml-quant.com/papers/repec/gam-jjrfmx-v-17-y-2024-i-12-p-554-d-1540423/
- __[Finance Research Trends from Machine Learning](https://econpapers.repec.org/scripts/redir.pf?u=https%3A%2F%2Fdoi.org%2F10.1002%2Fise3.95%3Bh%3Drepec%3Awly%3Aintsec%3Av%3A19%3Ay%3A2024%3Ai%3A4%3Ap%3A472-507)__: The paper employs machine learning models to identify trends in finance research topics from 1976 to 2015, revealing growth and shrinkage in topics and a consistent pattern in topic coverage among researchers. (2024-07-19, shares: 14) · https://www.ml-quant.com/papers/repec/wly-intsec-v-19-y-2024-i-4-p-472-507/

## Machine learning

### Recently Published

- __[Empirical Study of Autoregressive Pre-training](https://arxiv.org/pdf/2501.05453)__: The study presents Toto, a series of video models trained on over 1 trillion visual tokens, showing strong performance in tasks like image recognition and object tracking. (2025-01-09, shares: 131) · https://www.ml-quant.com/papers/arxiv/2501.05453/
- __[Decentralized Diffusion](https://arxiv.org/abs/2501.05450)__: The paper suggests Decentralized Diffusion Models, a framework for distributing AI model training across separate clusters, reducing costs and increasing resilience to GPU failures. (2025-01-09, shares: 80) · https://www.ml-quant.com/papers/arxiv/2501.05450/
- __[The GAN is dead; long live the GAN!](https://arxiv.org/abs/2501.05441)__: The study introduces R3GAN, a simplified GAN baseline that outperforms StyleGAN2 on various datasets and competes well against other state-of-the-art GANs and diffusion models. (2025-01-09, shares: 67) · https://www.ml-quant.com/papers/arxiv/2501.05441/
- __[GenMol: Drug Discovery Generalist](https://arxiv.org/abs/2501.06158)__: Drug Discovery Generalist: The paper presents GenMol, a molecular generative model that surpasses previous models in new generation and fragment-constrained generation, offering a unified approach for drug discovery tasks. (2025-01-10, shares: 47) · https://www.ml-quant.com/papers/arxiv/2501.06158/
- __[Neuro-Symbolic AI Review 2024](https://arxiv.org/abs/2501.05435)__: Neuro-Symbolic AI has grown since 2020, focusing on learning and inference, but still lacks in areas like explainability, trustworthiness, and Meta-Cognition. (2025-01-09, shares: 40) · https://www.ml-quant.com/papers/arxiv/2501.05435/
- __[RoboPanoptes: The All-seeing Robot](https://arxiv.org/abs/2501.05420)__: The All-seeing Robot: RoboPanoptes, a robot system, learns complex manipulation skills from human demonstrations using a visuomotor policy, enabling it to perform tasks like unboxing in narrow spaces and sweeping oversized objects. (2025-01-09, shares: 16) · https://www.ml-quant.com/papers/arxiv/2501.05420/

### Historical Trending

- __[Adjoint Matching](https://arxiv.org/abs/2409.08861)__: The study presents Adjoint Matching, a new algorithm that enhances dynamical generative models by refining reward fine-tuning, leading to improved consistency, realism, and adaptability to unseen human preference reward models. (2024-09-13, shares: 222) · https://www.ml-quant.com/papers/arxiv/2409.08861/
- __[Grokking Softmax Collapse](https://arxiv.org/abs/2501.04697)__: The study investigates 'grokking' in deep learning, introduces Softmax Collapse and naïve loss minimization concepts, and suggests a new activation function and training algorithm for grokking without regularization. (2025-01-08, shares: 50) · https://www.ml-quant.com/papers/arxiv/2501.04697/
- __[Unity in VAEs](https://arxiv.org/abs/2403.05300)__: A new mixture-of-experts prior for Variational Autoencoders for multimodal data has been proposed, replacing hard constraints with a soft one, leading to better latent representation and improved imputation of missing data modalities. (2024-03-08, shares: 41) · https://www.ml-quant.com/papers/arxiv/2403.05300/

## GitHub

### Finance

- __[Skimpy: Data Frame Summary Tool](https://github.com/aeturrell/skimpy)__: Data Frame Summary Tool: Skimpy is a tool that provides summary statistics for data frame variables in the console. (2021-09-01, shares: 422)
- __[Dendrite SDK: AI Agent Builder](https://github.com/dendrite-systems/dendrite-python-sdk)__: AI Agent Builder: The article explores tools for developing web AI agents capable of interacting with and extracting data from websites. (2024-02-02, shares: 219)
- __[StockStats: DataFrame Wrapper](https://github.com/jealous/stockstats)__: DataFrame Wrapper: The article introduces a StockDataFrame wrapper, based on pandas.DataFrame, that supports stock statistics indicators. (2016-06-05, shares: 1324)
- __[Monaco: Model Uncertainty Library](https://github.com/scottshambaugh/monaco)__: Model Uncertainty Library: The piece presents a Monte Carlo library for quantifying uncertainties and sensitivities in computer models. (2020-03-22, shares: 108)
- __[Cosmograph: Visual Analytics Binder](https://github.com/cosmograph-org/py_cosmograph)__: Visual Analytics Binder: The article discusses a binder for cosmograph visual analytics for large graphs. (2022-12-23, shares: 71)

### Trending

- __[Arch Agent Gateway](https://github.com/katanemo/archgw)__: Arch is a smart gateway developed by Envoy proxy's core contributors, designed for agents to securely and seamlessly integrate user prompts with external APIs. (2024-07-09, shares: 1240)
- __[OpenAI: Structured Output Apps](https://github.com/openai/openai-structured-outputs-samples)__: Structured Output Apps: Developers are provided with sample applications to help them understand Structured Outputs. (2024-12-16, shares: 369)
- __[Resume Matcher: Resume Improvement](https://github.com/srbhr/Resume-Matcher)__: Resume Improvement: Resume Matcher is an open-source tool that uses AI to improve resumes by comparing and ranking them against job descriptions. (2020-04-08, shares: 7577)
- __[LightningAI: Multi-GPU AI Pretraining](https://github.com/Lightning-AI/pytorch-lightning)__: Multi-GPU AI Pretraining: AI models of any size can be pretrained and finetuned on multiple GPUs TPUs without any code modifications. (2019-03-31, shares: 28792)

## News

### Quantitative

- __[Data Quality Challenge for Quants](https://news.google.com/rss/articles/CBMi4gJBVV95cUxOVlFLTzJ0Z2xmZjNtVmY3R3plTXFCRjMzVUpmM1JtWFFiQV9zdUFpakw4TlQweDhlNmVYVVVGNVBSUEZnUFVWMGZZTFlhczd4UE94dVBNS1pXdXNwQ1I2OGpHblFLVFlhOVhqbmdkUFU5aFEweko3M25LaXpXWW1lQ1RRWllnZmxVSkhYb3V4dWZBcjVKQUNaUHNQWlR4aUdEMzI5UmRnTGc3a1g4T3M5OF8wNFI3allYdmNGWkNfN0NWbEVEQS1Eak9lLUQ0REJuRHlTNDlHSnc1YUk1N3Z3aEc3QTZubXVyb0Fkemp1c1pkRGUwX3ZjcUpyaHV1Nnp6TUp0d0c3X3lnWG1vNF9YN1VpLVlEd2xtbTVfeXJQQm9UVG9SYTJsVVZLbDF0Z0hOY1VZTzhod2pjWFlDSXFYbU9xUnpIZjJvRGdNWW5nM1lHTzJid1JNN1pxTVBoUG0xVWc?oc=5)__: A Bloomberg Research Survey reveals that the primary challenge for Quants Research Analysts and Data Scientists is the timeliness and quality of data coverage. (2025-01-14, shares: 6)
- __[Prop Trading Firms Avoid PhD Quants](https://www.efinancialcareers.com/news/prop-trading-firms-won-t-touch-ph-d-quants-try-banking-instead)__: The article debates whether a PhD is necessary for a job in quantitative finance. (2025-01-14, shares: 4)
- __[Point72 Quant Platform Head Leaves](https://www.efinancialcareers.com/news/jain-global-point72-tristan-faber)__: The piece explores the consequences of leaving a successful hedge fund for a less prosperous one. (2025-01-13, shares: 3)

### Miscellaneous

- __[Quant Gains by Renaissance Tech and Two Sigma](https://www.hedgeweek.com/renaissance-tech-and-two-sigma-lead-2024-quant-gains/)__: In 2024, quant hedge funds and multistrategy firms experienced significant double-digit growth, as reported by Business Insider. (2025-01-14, shares: 3)
- __[Citadel Securities Hiring from Two Sigma and Millennium](https://www.efinancialcareers.com/news/citadel-securities-hiring-from-two-sigma-and-millennium-in-new-york)__: The electronic trading firm is actively hiring in 2025. (2025-01-09, shares: 2)
- __[Two Sigma Founders Arbitration](https://www.hedgeweek.com/two-sigma-founders-enter-arbitration-over-fund-direction/)__: Two Sigma Investments' co-founders, John Overdeck and David Siegel, are in arbitration over a disagreement about the hedge fund's future. (2025-01-13, shares: 2)

## Podcasts

### Quantitative

- __[Machine Learning in Investing](https://pdcn.co/e/www.buzzsprout.com/2034153/episodes/16408251-phillip-wool-on-machine-learning-in-investing-us-equities-strategy-and-emerging-market-opportunities.mp3)__: Phil Wool of Reliant Global Advisors examines the influence of machine learning on strategic investing, US equities dynamics, and the tech sector's potential in emerging markets. (2025-01-10, shares: 18)
- __[Backtesting Insights](https://interactive-brokers-podcast.podbean.com/e/cracking-the-code-backtesting-insights-for-options-investors/)__: Matt Amberson from ORATS discusses the importance of backtesting in refining options trading strategies and forecasting future performance. (2025-01-09, shares: 17)
- __[Implied Volatility and Gamma](https://interactive-brokers-podcast.podbean.com/e/opposites-attract-the-inverse-relationship-between-implied-volatility-and-gamma/)__: Mat Cashman from the Options Clearing House explains the inverse correlation between Gamma and Implied Volatility in options trading. (2025-01-09, shares: 13)

### Related

- __[Global Data Insights](https://atanyrate.podbean.com/e/global-data-pod-weekender-the-known-unknowns/)__: In a 2025 podcast, Bruce Kasman and Joseph Lupton analyze the stability of growth, inflation, and central bank policies amid US policy uncertainties. (2025-01-10, shares: 7)
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- __[Political Investment Strategies](https://pdcn.co/e/www.buzzsprout.com/2034153/episodes/16414627-hal-lambert-on-politically-driven-investment-strategies-maga-etf-performance-and-navigating-deregulation-dynamics.mp3)__: Hal Lambert discusses how political beliefs shape investment strategies and the potential effects of deregulation on various sectors, especially under a Trump administration. (2025-01-12, shares: 7)

## X / Twitter

### Quantitative

- __[Portfolio Protection Study](https://x.com/quantseeker/status/1878757368923570483)__: The article proposes a varied portfolio protection strategy that includes SPX rolling puts, Trend, Long Rates Vol, and Quality to control equity drawdowns. (2025-01-13, shares: 4)
- __[Investing Research Recap](https://x.com/quantseeker/status/1879243219424219480)__: The recent investment research discusses Bitcoin trading strategies, market betas estimation, LLMs biases, macro risks, and portfolio protection strategies. (2025-01-15, shares: 2)
- __[Short-Term Reversion Indicators Comparison](https://x.com/quantseeker/status/1798091381052764180)__: The most effective short-term mean-reversion indicators for global equities are those that include current price measures in the intraday or multi-day trading range. (2025-01-12, shares: 1)

### Miscellaneous

- __[ChatGPTs Cognitive Decline](https://x.com/carlcarrie/status/1878959930520338759)__: The article debates the possible cognitive decline from using ChatGPTs, likening it to how calculators affected mental math abilities. (2025-01-14, shares: 0)
- __[Entropy Visual History](https://x.com/carlcarrie/status/1878949852614422564)__: The article offers a detailed, non-mathematical visual explanation and history of the concept of entropy. (2025-01-13, shares: 0)
- __[Stock Signals from Insider Trades](https://x.com/quantseeker/status/1869339882352480765)__: The paper studies a vast global dataset of insider trades, creating a collective signal for each stock and discovering significant alphas in roughly 23% of countries. (2025-01-11, shares: 0)
- __[Industry Momentum Strategies Enhancement](https://x.com/quantseeker/status/1877722065022656682)__: The article investigates the improvement of industry momentum strategies with news sentiment and dispersion, noting substantial performance improvements particularly at more detailed industry levels. (2025-01-10, shares: 0)