Hello,
I have a PhD in meteorology and am thinking of making move from academia to a more commercial role. Which hedge funds hire meterologists? I came across 'Cumulus' which seemed to mostly trade on weather but they seem to have gone bust? Any intel on who may be hiring and who to avoid? Thanks!
| +168 | Q&A: I'm a Pod PM | 88 | 5h |
| +11 | Should I get an MBA for VC after Tech PM? | 2 | 2d |
| +9 | Stay or leave? | 1 | 2d |
| +7 | Tips for breaking into Macro RV? | 2 | 1h |
| +6 | Lateraling to MM L/S | 1 | 4d |
| +6 | Are there any ways to find the intrinsic value of a bond/TL? | 0 | 5h |
| +5 | Citadel Pitch Comp | 2 | 6h |
| +3 | Jain | 1 | 1d |
| +2 | Top Books for Hedge Funds Today | 4 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Any energy fund, especially if they focus on natural gas or power, is going to want meteorologists.
This. The only two I know with multiple on staff are Citadel and BP, but there are many more.
I used to be at Citadel.. they hired some of the Cumulus team
Ags/softs analysts too.
Think I heard the Bridgewater All-Weather fund is hiring?
---------------------------
---------------------------
The all-weather fund is very very different from any actual weather or meteorology-dependent strategies
Investors in energy, agriculture, insurance (catastrophe prediction), infrastructure (again, cat risk)
Honestly, your expertise is invaluable in predicting short-term trend impacts on all sorts of sectors in general
Voloridge is a fucking incredible fund that flys waaaaaaay under the rader. From what I've heard, almost all of their edge comes from predicting the weather better than anyone else.
https://www.bloomberg.com/news/articles/2020-01-14/quant-trader-seeks-1…
Interesting read.
Thanks everyone! I'll start doing some research on these firms.
A while back I saw that JPM was hiring a weather derivatives guy. Different side of the business but working at bank trading desk could be something to think about as well.
Cumulus was acquired by Citadel a few years ago, and is part of their commodities business.
Look at SIG. bet they hire ppl for this. Also five rings
Any Power + Gas trading team at a hedge fund/prop firm/physical firm would be interested in a weather specialist. There are some desks out there whose entire edge comes from digesting weather data at high frequency to make short-term forecasts for power and gas prices.
I interned at a weather derivatives firm and was an analyst at a catastrophe hedge fund (~3 Bn AUM). Both firms focused on insurance and reinsurance.
A good resource to get more color on cat hedge funds is artemis.bm . You will notice that most of the firms are based offshore in Bermuda because, without the balance sheet of an insurance company, cat hedge funds can only underwrite insurance offshore. If you are not interested in moving offshore, Fermat Capital Management, which invests mostly in cat bonds, would be a good fit for you.
Reach out to John Seo, and he will likely give you an interview.
I have nothing to add other than that this is super neat
In HF you are paid to be right, unlike TV where it obviously doesn’t matter
He's literally in academia. He's not fucking Al Roker.
Ah I see you want to reduce weather forecasting to a deterministic problem. However, its a probabilistic problem and while you can load the dice using knowledge gained from research into model error, better understanding of atmospheric processes and then empirical modelling to correct for errors, at the end of the day we are all at the mercy of chaos.
Say this in any interview you have, this is legit what quant work is like in my experience. You get a small edge, start pumping sample size to realize a positive/favorable result.
Et sed sint nihil libero tempore qui. Veritatis illo velit ex animi. Ab eligendi nesciunt voluptatum perspiciatis sed nostrum.
Mollitia similique inventore molestiae repellat eum optio. Expedita in voluptas natus corporis accusamus repudiandae. Deleniti et dolore labore quia iure perspiciatis repellat. Tenetur quae minima aliquid et et incidunt est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Perspiciatis quia ut quia ipsum in laboriosam distinctio. Consequatur rerum nisi est dolorem et.
Qui a est aspernatur. Tempora eum temporibus et ducimus error vel. Incidunt exercitationem assumenda in deserunt atque. Quidem et unde impedit omnis dolor.
Similique corporis qui temporibus molestiae laudantium voluptatem optio. Architecto esse recusandae nobis voluptatem facere dignissimos. Corrupti rem aliquid et quae sed in consequatur at.