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Pru plugs quant
By Chris Clair
Thursday, June 12, 2014

Meandering around the Internet this morning I came across this PageSix story from yesterday about David Tepper's giant "revenge estate" in the Hamptons. Basically he paid $43.5 million to buy Jon Corzine's old house. Then he paid more money to tear that house down and still more money to build the giant thing in the photo.

"Tepper Towers," features "large windows that will run across the second-floor dining room" to accommodate Tepper's "request to be able to see the sunset." He could also fly to any country with a western coastline and watch the sunset every night. It might be cheaper. But then Tepper wouldn't have had the opportunity to stick it to Corzine, who, when he was head of Goldman Sachs, twice declined to make Tepper a partner. PageSix's Emily Smith suggests this may be Tepper's primary motivating factor here.

Anyway, that's all interesting enough, but what really caught my eye was a link at the bottom of the web page, in the "You Might Also Like" section. It was to a video "What is Quant? We'll explain it all.", produced by Prudential, which is essentially an advertisement for the company's Quantitative Management Associates arm.

I understand why that particular video was served up to me, and why it was on that page. I just couldn't recall seeing an ad for quantitative investing before. Below is the "advertisement" followed by another, more detailed discussion of quantitative investing.

Pru's ad "explaining it all" in 3 minutes

And OneStepRemoved.com's Shaun Overton interviews Michael Halls-Moore, who runs quantstart.com, a blog about quantitative trading. Duration: 30 minutes.



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