[QUANTRAGE] WHY ARE THERE NO QUANT FIRMS IN AFRICA??

For context, I am a POC living in America and would really like to be in a place where I'm not oppressed (black lives matter asian lives matter whatnot), and working in a prop shop and hedge fund is my end goal. I've been through the application process for many firms in America: from being a VLOOKUP machine for Akuna to playing 30 IQ games with SIG to rolling a 120-sided die at Jane Street to being grilled on how to build a useless electric grid in Staten Island for HRT. Going through tens of hours of interviews with such firms, I couldn't help but notice how white and heteronormative these interviews are. Out of over 15 rounds of interviews, I have only had THREE interviewers with an ethnic name, and all of them were Korean or Chinese (not Japanese because they don't sound like the anime characters I like). This led me to consider hedge funds outside of America, specifically Africa, but I couldn't find any with a cursory search on Google (other than Laurium Capital which is a Tier 5 firm).

I'm so sick of the lack of affirmative action in money. The slave trade absolutely gutted so many ethnic minorities, and yet there has been little to establish a greater than Tier 3 quant firm in the heart of Africa. I'm sure there have been many civil unrests across the continent regarding this, given how useful quant is to society. This isn't just me being selfish; it provides so much liquidity and value to the general population. For example, consider Abdullah the Egyptian Coffee Farmer. 

All I desire is for a quant firm considered at least Tier 3 (think Jump Trading, CitSec, Headlands, Aquatic, Radix, JS and HRT [technically Tier 1 and 2, but that's beside the point]) by a general majority based in an established African country like Mozambique or Nigeria. I'm sure this is possible given the technical prowess of many international classmates I know from these regions, so what's stopping this? Is it Chinese parents gatekeeping underprivileged students from ever making anything higher than Blue MOP? Or is there a higher transaction fee for those trading further from the NYSE? Knowing that I now have secured an internship at a hedge fund here in America (sadly below Tier 3, but with higher prospects for next year), I want to make sure that I can help establish a prop shop of my dreams in Africa, and have this be a shining beacon of equality in the racist world of finance.


 
Most Helpful

Please tell me this is a troll post...

In case it isn't, someone who is very concerned about racism maybe shouldn't say things like: "not Japanese because they don't sound like the anime characters" and "Chinese parents gatekeeping underprivileged students".

To answer the actual question, funds are where the money and talent is. Talent goes where the funds and money is. If you go to Thailand, Colombia or many other countries you wont find any quant funds either. There's a lack of infrastructure, favorable regulations and so forth. Most people that are given the chance to work in a fund will chose to do so in an established firm/country with a guarantee of making good money. It's probably possible to start a quant fund in most countries but convincing talent to actually commit is a different issue. I am not an expert on this as I am sure there are a lot more issues associated to why funds are mostly localized around a few countries but in any case it's not about race as it's not like only white and asian people are allowed to start a fund... 

 

Deserunt eos omnis dolores. Vero provident eveniet laborum nihil exercitationem velit. Reiciendis ut qui accusamus. Aut est commodi fuga aut.

Non fugit quasi exercitationem neque hic voluptatem. Sit assumenda et sed temporibus et sunt. Autem veritatis non nobis laborum. Vel sit qui recusandae qui nostrum. Doloribus tempore et facere earum dolor suscipit.

Quasi deserunt fugit natus non aut nemo et. Rerum voluptatibus aut possimus est autem quasi. Culpa odit quibusdam voluptates distinctio quidem impedit.

 

Porro quidem explicabo illo quis suscipit nesciunt. Voluptatum tempora eligendi aut aperiam.

Architecto tempore laboriosam autem sed assumenda. Minus in sit harum aspernatur. Quo cupiditate qui reiciendis. At fugiat fuga et sit eveniet ut omnis molestias. Iusto quia quos libero a et. Dolorem blanditiis repudiandae provident aut at adipisci.

Nam omnis consequatur ut similique suscipit sequi sit. Animi voluptas explicabo maiores impedit ab quasi recusandae. Aut iusto aut nesciunt dolorem optio. A natus quam quos iste.

Fuga est ipsam quis sed quia. Soluta laudantium et quia non magni tempore.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
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
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
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...”