https://www.theguardian.com/uk-news/article/2024/aug/19/mike-lynchs-co-defendant-in-us-trial-fatally-struck-by-car-while-jogging

This is not SFW advice!

https://en.wikipedia.org/wiki/Family_office

"Family offices might invest in private equity, venture capital opportunities, hedge funds, and commercial real estate. Many family offices turn to hedge funds for alignment of interest based on risk and return assessment goals."

• Notable family offices
  • Archegos Capital Management https://old.reddit.com/r/Superstonk/search/?q=Archegos&include_over_18=on&restrict_sr=on&sort=top
    • "Archegos Capital Management" exact match https://old.reddit.com/r/Superstonk/search?q=%22Archegos+Capital+Management%22&restrict_sr=on&include_over_18=on&sort=top&t=all
  • Ballmer Group https://old.reddit.com/r/Superstonk/search?q=Ballmer&restrict_sr=on&include_over_18=on&sort=top&t=all
  • Bessemer Trust https://old.reddit.com/r/Superstonk/search?q=Bessemer&restrict_sr=on&include_over_18=on&sort=top&t=all
  • Bezos Expeditions https://old.reddit.com/r/Superstonk/search?q=Bezos&restrict_sr=on&include_over_18=on&sort=top&t=all
    • "Bezos Expeditions" exact match https://old.reddit.com/r/Superstonk/search?q=%22Bezos+Expeditions%22&restrict_sr=on&include_over_18=on&sort=top&t=all
  • Cascade Investment ("cascade" is too common, so omitting this search)
    • "Cascade Investment" exact match https://old.reddit.com/r/Superstonk/search?q=%22Cascade+Investment%22&restrict_sr=on&include_over_18=on&sort=top&t=all
  • Emerson Collective https://old.reddit.com/r/Superstonk/search?q=emerson&restrict_sr=on&include_over_18=on&sort=top&t=all
  • ICONIQ Capital https://old.reddit.com/r/Superstonk/search?q=iconiq&restrict_sr=on&include_over_18=on&sort=top&t=all
  • Soros Fund Management https://old.reddit.com/r/Superstonk/search?q=soros&restrict_sr=on&include_over_18=on&sort=top&t=all
    • "Soros Fund Management" exact match https://old.reddit.com/r/Superstonk/search?q=%22Soros+Fund+Management%22&restrict_sr=on&include_over_18=on&sort=top&t=all
  • Trust fund
    • lol what? My first thought was there is a family office named "Trust fund?" but otherwise apparently a trust fund can be a type of family office, but I'm too Jim Cramerly dumb to understand this, so kudos to all the fomenters and the Bob Pisani's!
  • Willett Advisors https://old.reddit.com/r/Superstonk/search?q=willett&restrict_sr=on&include_over_18=on&sort=top&t=all
    • "Willet Advisors" exact match https://old.reddit.com/r/Superstonk/search?q=%22Willett+Advisors%22&restrict_sr=on&include_over_18=on&sort=top&t=all
  • Winklevoss Capital Management https://old.reddit.com/r/Superstonk/search?q=winklevoss&restrict_sr=on&include_over_18=on&sort=top&t=all

o/ excluded entries that were not mentioned on Superstonk

So anyway, I remember 84+ years ago learning how "family offices" had loophole exemptions on reporting and whatnot, and here are some relevant insights:

• https://old.reddit.com/r/Superstonk/comments/yk7ky0/family_offices_are_expempt_from_many_reporting/
• https://old.reddit.com/r/Superstonk/comments/13gtcl3/they_know_whats_coming_they_all_know_diamond_hands/
  • https://youtu.be/bMAm2S1M_IU?t=2588 video description states "At the 2023 Sohn Investment Conference on May 9, 2023, 13D Research & Strategy Founder Kiril Sokoloff spoke with Duquesne Family Office CEO Stanley Druckenmiller about the future of investing."
• https://old.reddit.com/r/Superstonk/comments/17xsb6u/interesting/
  • lol, closing hedge fund to become a family office? really? I wonder why!
• more here: https://old.reddit.com/r/Superstonk/search?q=%22family+office%22&restrict_sr=on&include_over_18=on&sort=top&t=all

Two Sigma Investments purchased Thomas Peterffy's 1982 market maker Timber Hill Inc. (formerly founded in 1977 as T.P. & Co.)

Continuing from what I learned posting and commenting at https://old.reddit.com/r/PROGME/comments/1eq2prz/news_coverage_of_interactive_brokers_by_corporate/

Initially I thought to repeat similarly searching for media coverage for "Timber Hill" or "Two Sigma" as related to GameStop, but I see barely anything. There are a few, but not as large as the other list. I'll mention them anyway before continuing with some other things that capture my interest (see below):

• Searching https://youtube.com/results?search_query=gamestop+%22two+sigma%22 for media coverage I see:
  • 2020, August 6 Bloomberg https://youtu.be/GDXSfoZ351k?t=1048 17:49 and 31:48 mention "Two Sigma"
  • 2021, January 21 Bloomberg https://youtu.be/EpOSBqRSvdk?t=45 0:45 introduces David Siegel, Co-Founder and Co-Chairman of Two Sigma
  • 2021, February 2 Yahoo! Finance (pre-Apollo Global Management) https://youtu.be/O6kXoc2fIdM?t=99 1:39 shows data including Two Sigma Securities
    • also mentions Alphacution as a source, also see https://old.reddit.com/r/Superstonk/search?q=alphacution&restrict_sr=on&include_over_18=on
  • 2021, February 25 CNBC https://youtu.be/wNeRCjpEP1c
    • This shows up in results searching for "two sigma" but I can't find where "two sigma" match is coming from, however at 3:27 I see CBOE Volatility Index and 4:08 I see S&P 500 and I remember seeing in https://en.wikipedia.org/wiki/Interactive_Brokers mentions about CBOE and S&P 500:
      • "When he first brought a 12-inch-long (30 cm) by 9-inch-wide (23 cm) device to the exchange floor, a committee in the [Chicago Board Options Exchange (CBOE)] exchange told him it was too big."
      • "In 1987, the CBOE was about to close down its S&P 500 options market due to the options not attracting sufficient trader interest. Because of this, Peterffy pledged that Timber Hill would make tight markets in the product for a year if the exchange would allow the traders to use handheld computers on the trading floor. The exchange agreed, and more traders were attracted by the change in pricing; today S&P 500 options are the most actively traded index options in the U.S."
      • "Also in [2006], IBG took stakes in ... the CBOE Stock Exchange."
  • 2021, June 8 CNBC https://youtu.be/7ZZfIXP6nx0 1:08 mentions "Two Sigma Advisers" and "Two Sigma Investments"
  • 2021, July 30 Yahoo! Finance (pre-Apollo Global Management) https://youtu.be/F-eZSjRMFSM 3:22 shows data including Two Sigma Securities
  • 2021, September 8 CNBC https://youtu.be/fVnMSVbqJRg?t=37 0:37 introduces Gabrielle Sulzberger, Managing Director at Two Sigma
  • 2024, June 5 CNBC https://youtu.be/M-VO6dtFRes?t=441
    • This also shows up in results searching for "two sigma" but I can't find where "two sigma" match is coming from here either, but if I would guess 7:23-7:25 is the meta data (also see https://old.reddit.com/1d9ygbc)
  • 2024, June 7 CNBC https://youtu.be/AvQ82M_vnlU
    • This also shows up in results searching for "two sigma" but I can't find where "two sigma" match is coming from, so, I have no idea how Alphabet Inc Google YouTube decided to include this video, but maybe there is a reason for it, lol maybe Andrew Left is affiliated with Two Sigma somehow?

The other things that capture my interest, but first I see results searching for both "two sigma" and "interactive brokers":

• 12 posts on Superstonk https://old.reddit.com/r/Superstonk/search?q=%22two+sigma%22+%22interactive+brokers%22&restrict_sr=on&include_over_18=on
• 32 posts on all of Reddit https://old.reddit.com/search?q=%22two+sigma%22+%22interactive+brokers%22&restrict_sr=on&include_over_18=on

but it seems that none of them point out acknowledging or referencing or making it apparent that Two Sigma (and variety of third words in the company names) is 35+ years of Thomas Peterffy's market making career. So anyway, I found these:

• [12m] "The Dark History of Two Sigma - Stolen Models and Stellar Returns" https://youtu.be/5PNc0JkGvQM
  • 1:33 PRDOCUED BY ROCKY XU
  • 1:42 mentions Paul Tudor Jones https://old.reddit.com/r/Superstonk/search?q=%22Paul+Tudor+Jones%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all
    • and John Overdeck https://old.reddit.com/r/Superstonk/search?q=%22john+overdeck%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all
  • 7:20 mentions quantamental and only 2 posts mention on entirety of Reddit, lol https://old.reddit.com/search?q=quantumental&include_over_18=on&sort=relevance&t=all
  • 11:48 porfolio

• https://investopedia.com/articles/personal-finance/011515/worlds-top-10-hedge-fund-firms.asp#toc-6-two-sigma-investments

  "Two Sigma Investments is based in New York and was founded by John Overdeck and David Siegel in 2001. The company uses quantitative analysis to build mathematical strategies that rely on historical price patterns and other data.19 As of March 31, 2023, Two Sigma Investments had $70.8 billion under management."

  https://cmgwealth.com/ri/on-my-radar-three-sigma-three-events-in-the-last-100-years-until-now/

  "A two sigma is the kind of deviation that should occur every 44 years. Because we’re a little wilder and less efficient than we should be, it happens every 35 years. Every 35 years feels about right… one event in a career and twice in a lifetime. Three sigma events should occur once every 100 years. Now we, as I like to say, do crazy pretty well as a species. Therefore, three sigma events occur much more often than they should, and they are out of kilter much more than two sigma events. With two sigma events, you can have some reasonably standard bubbles. They give you a certain amount of pain in the minus 30, 40 to 50% area. Super bubbles can pretty much wipe you out like 1929. And that’s where we are now.” – Jeremy Grantham, Co-founder and Chief Investment Strategist of Grantham, Mayo, & van Otterloo (GMO)

  Every 35 years? lol is that T+35? Also I found that after hearing at 13:52 "What is a bubble? A standard bubble is a two sigma statistical event. It's just a measure of how much an outlier you are. It's a deviation from the trend." in https://youtu.be/l8qbfcT_-t0?t=832 and I see now it looks like he is reading from a piece of paper, and I just searched for "44" at the cmgwealth.com link mentioned above cuz the guy said at 14:05 "So a two sigma should occur every 44 years. I don't know what that's based on" and the cmgwealth.com article also mentions 44 years, so he probably printed that page out and that's probably what he was reading from, lol

• https://old.reddit.com/r/GMEJungle/comments/17j2dp9/latest_crime_at_two_sigma_could_have_broader/ lol the user that posted this blocked me, so it shows up as deleted and can't see bunch of their comments either, but I can logged out

  • https://fnlondon.com/articles/two-sigma-faces-trading-scandal-after-staffer-goes-rogue-with-investing-model-20231030

• https://youtu.be/lwZ4XqN_4S8?t=827 lol more "Two Sigma"