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.

5 Comments
 

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! :)

 

Aperiam error tempore consectetur placeat sint. Sit mollitia nulla voluptas et autem facere. Autem eaque doloremque fugiat quisquam quis enim.

Nesciunt harum aut non autem est dolores voluptatem. Deserunt dolorum suscipit ea beatae doloremque officia. Incidunt sed vel rerum corrupti est officia molestiae. Occaecati et voluptate consectetur officiis ducimus. Voluptatem quia non magnam qui. Dicta magnam ut numquam illo.

Career Advancement Opportunities

July 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.2%
  • Magnetar Capital 95.2%

Overall Employee Satisfaction

July 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.1%
  • Citadel Investment Group 96.1%
  • Millennium Partners 95.1%

Professional Growth Opportunities

July 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

July 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $191
  • Analysts (242) $181
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
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
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
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...”