Difference between "Research Analyst" "Quantitative Analyst" "Quantitative Researcher"

As the title mentions - does anyone know and could please explain the different kind of jobs / functions and their background in hedge funds? The PMs is the most simple one to understand. 

3 Comments
 

Depends on the hedge fund.

Of the three, research analyst is usually more closely related to fundamental investment research rather than quantitative.

In my experience "quant analyst" usually refers to a role with lower status/upside than "quant researcher" when both titles are in use, and the latter title has more strict education requirements. But this isn't a hard rule.

 
Most Helpful

As was rightly said, very dependant on the fund, these are pretty wide terms.

But from my small experience :

Quant analyst is often more junior than quant researcher. You can have support missions like building dashboards for the PM, or developing some tools used to monitor the portfolio.

Whereas quant researcher is often closer to the investment process, developing trading signals and sometimes managing his own strategies like a sub-pm.

As an example were I am right now : 1 PM manages several quant researchers. They build the signals and the strategies, he supervises them during the research process and then allocates the risk to the strategies. And usually the more senior the quant researcher, the more autonomy during research and the more risk allocated to his strategies

 

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