new york is going down and chicago is going up

3rd tier finance. San Fran is 2nd tier.

Boston is 3rd tier.

this is funny. you guys ever heard of citadel, one of the world's most successful hedge funds? guess what; it's in Chicago. finnace professionals in NYC would KILL to get a job at citadel.

I thought Citadel was a military academy in South Carolina ...

... or are you referring to the hedge fund whose largest fund ($14bn) is down 6% this year ???

they're down this year, but 6% is a pittance compared to the losses NYC hedge funds have been taking. please read up more on finance before you spew such nonsense.

there are thousands of hedge funds in nyc down over 10% this year.

oh, and you've probably forgotten that chicago is home to:

chicago board of trade and the mercantile exchange. these two exchanges in CHICAGO are the mecca for all interest rate products in the world.

nobody is defending the hedge fund industry as whole - NY or Chicago. I go by the rule "Rule #1, don't lose money" and "Rule #2, don't lose money." So the idea that everybody wants to be at Citadel now when they too have problems is ridiculous. Nobody will keep paying them 2% management fees a year to lose money.

personally i think it is good thing some of these ridiculous hedge funds thay pay 25 years olds $500k a year to lose money are going under .. will make NYC better and more affordable ...

Citadel's churn is ridiculously high, so people may kill to work there, but they opt to leave. They also work in nyc, btw...

When a city's residents are so pathetic that they have to troll on boards of the cities they aspire to be, you KNOW its a city on the move...

forget, CBOE, pretty much where all your equity options are traded as well.

san francisco exchange of what? mission style tacos?

rufus2 - Wait a minute. I though rule # 1 was, you must not tell anyone about fight club and that rule #2 was, you must not tell anyone about fight club. Are you sure about your rules? Now I am confused. Maybe yours are rules #3 and #4?