Quant hedge fund out of Investment Banking
I work at a top M&A group (GS / MS / Evercore / Lazard / etc) and was recently offered a strategy position at a top quantitative fund (RenTech, Jane Street, AQR, DE Shaw, etc). If I were to take the role, I would help launch new initiatives and products that use the firm's quant capability in new areas / geographies, but, again, I myself would not be directly investing the firm's money since only the quants do that at this particular fund. I have always had a strong interest in quantitative investing, but I am not from the appropriate background to ever be a quant investor myself (unless I were to get a graduate degree, but, again, it's unclear whether that's truly my skillset). What do you guys think of this role? If I were to say no, I would look for a hedge fund role at a non-quant fund (e.g. a "traditional" hedge fund role).
Going purely off your description, it definitely doesn't sound like a front office role. As you said, it's definitely not quant research or quant development, which are the primary front office roles at quant funds.
If you work at a top M&A group, you should be able to get a much better offer some where else. If you're interested in investing, this isn't the kind of role you're looking for. You need to look at fundamental funds, rather than quantitative funds.
Doesn't sound like the real deal
DE Shaw has a fundamental investing group.
Sounds like a business development role (internal consultant).
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