Is this a usual practice in quant funds?
Not sure if a usual practice but a quant equity fund just asked for the signals data frame that my model generated on their time series data.. they need to check the signals to "better see how to trade them later". They can surely backward engineer the signals from the signals dataset..i have a few systems and can feed them one system for testing.. so as to get employed. what should I do?
I'm just sitting here absolutely fascinated and laughing at the thought that someone would even think to come up with the term "brain rape" to describe what you're talking about.
it's bad practice and sends a bad message about the firm. it's not unusual that quant firms will try to pull information from candidates like that.
Hard pass. Massive red flags going off in my head.
Thank you.. can you please elaborate?
Was this a case study they asked you to work on like a "How would you approach this scenario"? The way I read it, it came across as them asking you to do their work for them (first red flag). You also pointed out that they should be competent enough to backwards engineer your results to within a certain degree of accuracy. So why can't they? Or simply ask you to walk through your thought process while not having you hand over final code (another red flag)? Regardless, don't feed them any of your already built systems, that's your IP and you don't need to give them viable (potentially profitable) work product just to try and get a job in the first place (last red flag).
Tell them to fuck off
Does the fund's name start with S by any chance?
Real ones know the fuckery that goes on in their interview process
Thank you for support! The funds name is not known to me yet as this is a startup fund... but they are already trading
That’s absurd. Why would you give them that info? They want it, they can hire you. They aren’t sure if you created a “good” thing and they want to understand it better? Come up with a different interview process. Either way, it IS NOT something I would do and have not seen this in the industry.
Besides this they are offering a pure pnl based comp with no base
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