Soros - Risk Management and Risk Management at SAC Capital

At SAC capital it was all about risk management so even though when I came from academia to Soros I would look at how they were running the portfolios and I was constantly scared because I felt they were taking way too much risk compared to what I thought from an academic perspective they should be doing. Then I went to SAC and I realized that actually being careful with risk management is very much respected and even more than what I thought should have been happening at Soros. So I spent the subsequent years trying to refine my models make them much more smooth in terms of their return stream focus much more on risk management downside the risk hedging and I think the models became better so result this is your story