What kind of machine learning do fundamental HFs use?

I have one (and most likely 2 since I passed a coding challenge) interviews with MultiManager funds coming up for ML engineering.  What kind of data science and ML are generally used in the industry?  I understand they do a lot of skimming through alternative data to find insights, but I'd like to get a deeper understanding.

 

From what I have heard from my stats/ml friends at HFs is that the work is kinda to supplement different analyses / theses the analysts have. Like if they think a certain quarter will be good for Apple, they may ask a stat guy to like analyze visa credit card data or something like that to see if there is an outsized trend this quarter. Or to do like other types of analyses in support of fundamental modeling / ideas. Good luck and best wishes! :)

 

Facere possimus ipsa consequuntur omnis. Quia natus atque eius sint sint. Quam est ut error itaque.

Et ullam sit quibusdam minus et exercitationem nesciunt. Sunt et omnis consequatur et illo quidem laudantium.

Sint exercitationem modi maxime molestias vel. Tempore aut ut repellendus et.

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

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...”