Small Quant HFs from PE?
Anyone have a link/list of quant funds? Looking to do some research.
Have been trying to find out if small shops are worth the career risk or not coming from LMM PE with a quantitative background.
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I am in literally the exact same situation as you! Hoping someone responds.
I know this is unhelpful, but in terms of preparing for these types of interviews, what do you think is most important between brushing up on Leetcode questions vs. statistics & probability?
Following. Good Q
Honestly not sure either.
Coding comes naturally and analytics are not difficult assuming you have a background in math/stats/data science.
Leetcode is probably important, but I think coming to the table with refined pitches is a better use of prep time.
Still doing DD on this, hence the post.
It depends on what role you are trying to recruit for, quant trading is mostly mental math, fast paced probability questions, and market making/probability games e.g. poker
Quant research is more about statistics/ data science and studying about linear models/ data cleaning and classical machine learning, e.g. pca, clustering and xgboost if you are at a medium frequency role, hft are looking for c++ knowledge
Please explain why you think being at a large vs small fund matters in quant? Funding cost? Management? Scalability of strategy?
Going to be hard to find a list, since many smaller funds really only seek people in their network.
Biggest one is scalability of strategy followed by more responsibility over the p&l, which is natural at smaller shops. Some of the better strategies in my PA would not work at scale as they would be too much of the float of the underlying.
Really trying to emulate the LMM PE experience into public markets, with a quantitative focus.
Someone provided a good list. Seems you know what you want and is important to you. Try to reach out on linkedin/network and talk to some people. Main thing with smaller funds is; what is the dividend payout schedule for the firm, will they allow your book to grow over time aka more margin to scale, transparency of founders and direct costs as well.
Also figuring out your location or if you want to be fully hybrid some day.
Similar to LMM PE I guess you would be shocked how picky on culture some smaller funds are.
What do you think about being at a small vs large fund for quant
Most quants do not need a massive platform to succeed, so similar to LMM PE a smaller quant firm could be the holy grail. But it could also have horrid culture, bad management, shady people etc again similar to LMM PE hah.
Culture wise smaller funds usually win
QUANT FIRMS LIST:
(Focusing on Quantitative~ proprietary trading firms/hedge funds)
Radix Trading
Headlands Technologies
TGS Management
PDT Partners
Vatic Labs
Ansatz Capital
Aquatic Capital
Boerboel Trading
Spark Investment Management
Evergreen Statistical Trading
Citadel/Citadel Securities
Jane Street Capital
Hudson River Trading
Jump Trading
DE Shaw
Tower Research Capital
Five Rings Capital
Renaissance Technologies
Old Mission Capital
Schonfeld
IMC Trading
Optiver
DRW
Virtu Financial
Two Sigma
Akuna Capital
Susquehanna International Group (SIG)
AQR Capital Management
Point72 Asset Management
Cubist Systematic Strategies
Chicago Trading Company
XR Trading
XTX Markets
Valkyrie Trading
Arrowstreet Capital
Wolverine Trading
Belvedere Trading
Squarepoint Capital
Balyasny Asset Management
Maven Securities
Flow Traders
Millennium Management
WorldQuant
3Red Partners
Voleon Group
Bridgewater
Peak6
Engineers Gate
DV Trading
Geneva Trading
ExodusPoint Capital
Group One Trading
Quantbot Technologies
Quantlab
Epoch Capital
ART Advisors
Athena Capital Research
TransMarket Group
Bluefin Trading
Crabel Capital
Graham Capital
GSA Capital
GTS
HC Technologies
Istra Research
Marshall Wace
Gelber Group
Stevens Capital mgmt
Teza Technologies
Volant Trading
Eagle Seven
Tradebot
Tradelink Holdings
HAP Capital
Seven Eight Capital
Blackedge Capital
Edgestream Partners
Ergoteles Capital
Cutler Group
Edgehog Trading
Final LTD
HC Technologies
Nebula Research & Development
Banyan Alpha Investment
Volterra Technologies
Jocasse Quantitative
Qsemble Capital Management
Orsus research
Edge Focus Partners
Galois Capital
Sunrise Gutures
Simplex Trading
MANA Partners
Laurion Capital Management
Eclipse Trading Technologies
Clear Street Markets (used to be summit securities group)
PanAgora Asset Management
Alphasimplex
Linden shore
Hilbert Technologies
Atto Trading
Ginkgo
Kepos Capital
Walleye Trading
Eschaton Trading
Albatross Labs
Kbit Crypto Trading
GSR Crypto
IPI llc
Tanius technology
Up Research
This is a good list of all quant shops, what kind of quant work are you trying to get into because that will influence what shop you want to work for e.g. hft, market making, medium frequency equities, ficc etcc
Thanks man - this is exactly what I was looking for. +1
Just curious, what do you plan to do with this list? Are you planning to cold-email all of them asking about openings?
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