Economies of scale among HFs after AI?

How do you guys think about incorporating AI into your workflows over the next 3-4 years? Thus far I basically only use chatgpt for transcripts and basic data retrieval which is pretty low alpha. But longer term I do wonder how it changes the nature of the job.

Separately, for fundamental equities L/S, do you think this widens the moat for the big 3/4 pod shops (larger budget for tech = differentiated AI products) or do you think 3rd party resources (daloopa but 10x better) levels the playing field?

2 Comments
 

IMO No fund (even the top MM) has the capital / level of investment / talent needed develop differentiated AI. AI will change society/business in such a way that hedge funds / investing in general becomes less relevant, but this will come from outside of Finance.

 

Eligendi autem sunt dolores repellat vero reiciendis provident voluptatem. Harum sunt sit nobis. Dicta atque asperiores beatae veritatis praesentium.

Quo ut officiis dolor eum iste culpa. Nemo deleniti nihil sit adipisci et minus vel. Adipisci inventore expedita ad voluptatem deleniti. Laudantium fuga sunt ea sequi maxime similique quas. Ea ut et vero ut. Possimus quis quia reprehenderit facere dignissimos distinctio dolores. Iure quis vel enim quos voluptas possimus doloribus.

Inventore nulla a commodi repellendus at quibusdam cum aliquid. Minus nisi molestiae velit repellat voluptatum deserunt exercitationem.

Career Advancement Opportunities

November 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • AQR Capital Management 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

November 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 95.0%

Professional Growth Opportunities

November 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

November 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $355
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $193
  • Analysts (235) $177
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (277) $95
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”