G-Research - Hedge fund or not?

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G-Research is often cited among the top quant funds in London, however it is hard to find more information. According to the following review on glassdoor from June 2014 they do not trade.

"In terms of work culture, according to what I have heard/understood from HR manager, G-Research is not really a hedge fund, but a R&D company which is in the business of outsourcing (body shopping) its services to several asset managers/hedge funds."

What then, makes them a top quant hedge fund? And what are my chances to join a real HF after working there as researcher?

Comments (12)

 
Feb 9, 2019 - 10:42am

I know I'm late but I'll put the info out there for anyone checking later.

Yes, G Res isn't a real hedge fund. More akin to a family office like Point72. What GRes does is create algos in London, which are used by traders in Guernsey. Office is pretty cool, folks are chill, though upper management is a bit too paranoid. But you are not a trader, although it wouldn't be hard to move to an HF either.

Now here's the tricky part. If you leave the firm, they'll hunt you down. They'll stalk you, sue you, try to turn your life upside down. Peter DePutron loves to suck out the blood from his victims.

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."
 
Feb 15, 2019 - 10:19am

P72 hasn't been restarted as a hedge fund until Feb 2018. Till then, it was stuck managing SAC's personal money by the SEC. Of late, it hasn't been especially successful in getting back investors either, so it's still stuck managing SAC's money for the most part.
G Res operates in a similar fashion, just managing a single investor's funds. Of course, SAC has more AUM than many HFs, so that doesn't make much of a difference from an HF when it comes to comps. In GRes, on the other hand, you aren't the trader, the trader in Guernsey handle that. You just do quant research and get comped much less.
And yes, I was going by the technical definition of a family office and an HF, not by the way both are looked upon over here. If you are going by the way they're operated though, Point72 did operate like an HF, even before Feb 2018, while GRes isn't an HF per se culture-wise.

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."
 
Jul 21, 2020 - 6:24am

For all purposes it is a hedge fund. However, the salaries are overrated and you don't start making money until you've stayed there for a while. When you leave, you will not be able to work for a while in the same industry. Look at former employees who have left - most of them have a break and then go into some other industry (e.g. tech) before coming back into finance years later. The guy making 500k after 3 years was top 3 at Cambridge and started from a village in China - a pretty smart guy. If you are this smart, there are places that will pay you as much and offer

It can be worth it - depends on your tolerance for going through a period during which your career and life might be ruined by a very rich and very well connected psychopath who has nothing better to do.

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