Ask questions about quantitative hedge funds/algo trading firms.
About Me. I went to an Ivy League university, and majored in Physics. I've interned with a top prop shop. I'm currently a month away from starting at a quantitative hedge fund.
About This Thread. This thread is for people who are interested in working at a quantitative hedge fund, or proprietary trading firm. You can post questions about culture, interviews, caliber, strategies, etc., and I will do my best to answer them.
you're a complete faggot. why dont you wait to start work until you start your tell-all thread. douche.
First of all, it's not a "tell all thread".
Second of all, I believe that I can help people whp want to get into quantitative funds/prop shops.
Third off all, fuck off.
Buhner, you're a prick
Uh, I've got to agree with Jay Buhner.
Why not wait till you start work before you start giving advice? Right now, your only experience with your quant firm is from one side of the recruiting process.
I have two questions here.
Is algorithmic trading only used in equities? How many trades are based on fundamentals vs technicals (at your shop)?
And thanks in advance.
First of all, using the word 'faggot' is inappropriate.
Second, Tetris has interned at a quant fund and clearly knows enough to at least speak to interviews.
Third, Tetris generally has good posts.
I'm so fucking sick of idiots who turn decent threads into bullshit at any whim, especially when they know nothing.
Hi Tetris,
I appreciate you stating what your credentials/background are. Sharing what you know is good, even if it's from a limited or particular perspective. Much worse are the people with similar (or much less) firsthand experience who post without warning readers that they are speculating.
Anyway, just curious, I'm wondering why you went with a quant fund rather than a prop shop. I'm not a quant, but I came up through an options mm prop group, and I have a voyeur's interest in what goes on at quant funds (and quant-heavy prop shops), and what they do with a guy like you (what your expected track is, how soon before you have your own book or high profile role in a strategy, etc.) Thanks.
What were the backgrounds of most guys? When I think "quant" I think PhD's. Were they mostly PhDs? Or were the senior guys mostly quant UGs who moved up n the world?
Do you have heavy programming experience? What did you do during your internship.
Sorry if these questions seem lame. I know very little about the quant world.
From another thread:
Okay, so you'll be starting soon @ DE Shaw. Congrats on that. Through your interview, what did they make it sound like your job responsibilities in year 1 will be? Programming / modeling? Working under a more senior quant? Any ideas???
What strategy are you working in? ConvertArb? StatArb? Any ideas?
What do you expect to get out of working there???
Did you take any programming, economics, or finance classes on top of your physics major?
http://74.125.47.132/search?q=cache:kzdRdvjc2ooJ:nvmnd.wordpress.com/20…
he really loves to brag about himself... have fun at DE shaw homie!
the about tab on the bottom left really shows how he truly is!!! class act. Also his other name on here is big_polo
Early Life Timothy Li was born to a pair of wealthy Chinese immigrants. He was lived in the extremely affluent Toronto suburb of Richmond Green by his divorcee mother, who often pulled in six, even seven figures...
Wow, it's like the pinnacle of douchebaggery.
tmi
Wow..whoever is on here from D.E. might have a field day, haha. Sounds like a LondonE1 siuation.
WTF is up with the format of the replies. It's quoting everything or something.
Screw up in the quotes
Sorry if im hijacking this thread but..... Didnt I make a group dedicated to this called the prop traders group??
"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
Oh really?? Equities are the most liquid financial instrument?
Gotta shoot Max an email about his new Princeton physics recruits in fixed income...
...dude this is ugly, Tetris please save yourself and allow this thread to fade into the night. Am I dreaming or did you put your bosses name into the thread? ....playing with fire...
...and equities are not nearly the most liquid financial product...Foreign exchange and the US interest rate market are much more liquid then stocks. This is why you see many more giant funds trading rates and FX then you do trading stocks..it aint easy to get in and out of large trades in individual equities..
There is plenty of algorithmic trading across many different markets, not just stocks. I would say, however, that algorithmic trading lends itself better to simple products like stocks and futures as opposed to bonds where financing is a big part of the trade. You really cant trade bonds 100% algo because the repo trades (borrowing and lending the bonds) you need to do to finance the positions are a big part of assesing the value of a trade and those markets are pretty primitive and cannot be traded with a computer.
hubris dude... confucius say man who run in front of car get tired
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