This week, the “Masters in Business” radio podcast features Brad Katsuyama of IEX who is probably best known to the public for his role in Michael Lewis’ book Flash Boys.
via Barry Ritholtz
In our extended podcast, Brad explains the puzzle that HFT was presenting to institutional traders: By 2007, something had changed in the market structure, but no one really knew what it was. He explains how he and his team became detectives, eventually unravelling the impact that was algo-driven High Frequency Trading.
Since its inception in January 2012, the long book of the Voss Value Fund, Voss Capital's flagship offering, has substantially outperformed the market. The long/short equity fund has turned every $1 invested into an estimated $13.37. Over the same time frame, every $1 invested in the S&P 500 has become $3.66. Q1 2021 hedge fund Read More
Michael Lewis first started speaking to him on background, in order to learn more about HFT. Eventually, he figured out Katsuyama was the main character in this mystery.
Masters In Business: Brad Katsuyama of IEX (& Flash Boys)
We chat about his appearance on 60 Minutes, and the infamous debate on CNBC with the William “Bill” O’Brien, the CEO of BATS exchange. The NYAG forced BATS to correct O’Brien’s public misstatements; he left the firm a few months later.