By Gregory Zuckerman Nov. 4, 2018 12:00 p.m. ET Two years ago, hedge-fund investor Robert Mercer and his daughter Rebekah had the president’s ear. Now, on the eve of midterm elections, a different group of Wall Street executives enjoys access to the Oval Office. The Mercers are playing a less-important role backing conservative politicians, according to […]
Archive for June, 2019
Herd-like Behavior of Computerized Traders Contributes to Market Swoon
By Gregory Zuckerman, Rachael Levy, Nick Timiraos and Gunjan Banerji Dec. 25, 2018 7:54 p.m. ET Behind the broad, swift market slide of 2018 is an underlying new reality: Roughly 85% of all trading is on autopilot—controlled by machines, models, or passive investing formulas, creating an unprecedented trading herd that moves in unison and is blazingly fast. That […]
Quant Pioneer Helped Jim Simons Transform Trading
By James R. Hagerty and Gregory Zuckerman May 1, 2019 2:28 p.m. ET Elwyn Berlekamp, the son of a pastor in rural Ohio, was a grade-school pupil in the 1940s when it began to dawn on him that math was not a torment inflicted on schoolchildren. It was a game, he concluded, and also a way […]
