I am at a target looking around (really early) for full-time opportunities and got some interest at a ~$3B L/S fund in a quant role.
They describe it as a role that adds to PnL as opposed to being back-office or risk-management, and that while the PMs do bottoms-up analysis, the quant team uses a top-down one to make sure portfolios are well constructed, well-hedged, etc. This is much different from a quant role at a quant fund, where you're working on making alpha-generating models.
I can't find much other info about this type of role. Does this sound like a role with a good career trajectory to becoming an investor/one worth pursuing out of college?
I wouldn't take it unless you don't have better options. Much better to be at a firm doing the firm's primary business- quant at a quant shop or fundamental work at a fundamental shop. You're not going to get much respect otherwise.
Yeah your new to this site, but the big bucks for a quant won’t come from a L/S HF unless it’s a quant shop.
sounds like portfolio construction. What is your education level? If you have the skill set already, can be a good role to break into the industry.
Important questions to ask: Is the fund sector specific or general L/S? Are there other people on the quant team? Do you have access to good data?
I am a junior at a target and will be interning as a portfolio analyst for a large AM (Fidelity/PIMCO/T Rowe). They do give return offers, but I know I eventually want to break into HF so just exploring options.
The fund is sector specific, tech focused, and the interviewer has a background as a quant/PM at well-known quant funds, so while the fund is on the fundamental side, it seems like the quants still add value.
Necessitatibus ut fugit facere beatae. Non qui modi odio laborum nesciunt eos. Vel voluptatem reprehenderit ut fugiat quo tempore quibusdam. Dolor quia nobis eligendi.
Id modi nemo error dolore nulla earum doloremque qui. Ea aut accusantium saepe quasi. Iste qui sint est sit ullam voluptatem et. Pariatur qui impedit delectus quia corporis. Aspernatur nostrum animi sunt quo vero qui a.
Facere delectus eius quia repudiandae est quo aspernatur. Sint officia non soluta. Vel et rerum odio fuga cupiditate. Enim quis ut commodi eos atque. Tempore qui quia ducimus quasi aliquam et maxime.
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...