Things my older colleagues/friends did before breaking into finance (IB/PE/quant):
- wandered India studying Vedic religion
- taught skiing in Chile
- walked the Appalachian Trail
- competed as an amateur boxer
- played jazz in underground bars
Today if you miss your sophomore internship you're basically derailed.
Things my older colleagues/friends did before breaking into finance (IB/PE/quant):
- wandered India studying Vedic religion
- taught skiing in Chile
- walked the Appalachian Trail
- competed as an amateur boxer
- played jazz in underground bars
Today if you miss your sophomore internship you're basically derailed.
@AgustinLebron3 Coming back to VC, I think their power is fairly rated, they have a lot of it if you’re a founder because you can’t go to an LP directly. And if LPs stop allocating to VCs then founders hurt even more, so wouldn’t say their power is overrated. U can say a specific firms is
@AgustinLebron3 GP firms themselves also have better investment talent than LPs which is why they give GPs money to invest. So not sure if LP is most powerful if they need the GP to allocate wisely
Today, Trata is excited to present Hedge-Bench, the world’s first benchmark focused on evaluating open-ended reasoning in the finance domain.
We curated 102 tasks derived explicitly from the reasoning traces of professional hedge fund analysts working with relevant information sources. Most benchmarks are geared towards evaluating naturally deterministic tasks (e.g. updating spreadsheets, calculating formulas). The result is a blind spot on the frontier labs’ part to the competency that matters most in the finance industry: reasoning.
No frontier model scores above 16% on Hedge-Bench. We observe Claude-Opus-4.8 actually regresses relative to the last generation of Claude-Sonnet. We see hallucination rates go as high as 82% for multi-step reasoning. These implications extend beyond just the finance domain and into other domains where trust in agent reliability is equally critical (e.g. law).