He's a quant fund manager who uses hundreds of models to execute trades across multiple assets.
And he's good at what he does: in the 2023 World Cup Championship of Futures Trading, Scherman finished first with a 491.4% return, according to competition records.
I was trading in the Argentina market," Scherman said.
This is because a trader can't predict the next market regime and must prove that their thesis can survive changes.
"I need to have the capital to recover from that loss," Scherman said.
Persons:
Ivan Scherman, —, Scherman, hadn't, David Aronson, shouldn't, it's
Organizations:
Futures, Service, New York Stock Exchange, Chicago Mercantile Exchange, University of Buenos, Argentine Financial Markets Institute
Locations:
Buenos Aires, Argentina, University of Buenos Aires