why aren't these companies more like startups?
There are. http://www.forbes.com/2010/07/28/high-frequency-trading-pers...
Incidentally Jane Street isn't a hedge fund, it's a proprietary trading firm.
There are. http://www.forbes.com/2010/07/28/high-frequency-trading-pers...
Incidentally Jane Street isn't a hedge fund, it's a proprietary trading firm.
ps. I never really understood the difference - Hedge Funds seem to be more about speculating via leverage than 'hedging'? [using their own proprietary algorithms to do that]