Hedge Funds
The decision to leave her job as a tenure-track math professor at Barnard College and join hedge fund D.E. Shaw in 2007 seemed like a no-brainer. Cathy O’Neil would apply her math skills to the financial markets and make three times the pay. What could go wrong? Less than a year later, subprime mortgages imploded, the financial crisis set in, and so-called math wizards were targets for blame. “The housing crisis, the collapse...

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