Multistrat/small HF Networking?

I'm currently in GS secdiv on a front office eng/strats team, looking to get out when the bonus hits in January (around my 2 year anniv.). I went to a semi-target and studied math instead of computer science so the big name quant shops don't seem to want to talk, and I kind of miss the startup hustle from my SF days, so I am looking to try multistrat/startup hedge funds (for some kind of systematic strategy). I feel like I'm at the point where I have enough finance knowledge and coding/ML skills to go take this risk.

I have met a few people from Millennium, Exoduspoint, Schonfeld,etc. socially, and interviewed with a team at ExPt. The process seems a lot like shopping around for a seed stage startup, it's a numbers/connections game, but I'm not sure how to meet more PMs who are hiring. Do people here have experience networking into one of these places? Are there conferences I should look into going to? Send LinkedIn messages? Good headhunters to talk to?

Comments (12)

Aug 13, 2019

Hey convexproblem, I'm here to break the silence...any of these links help you?:

  • Hedge Fund Careers: Getting a Hedge Fund Job Out of Undergrad and Beyond After going through the above two steps, NETWORKING IS KEY. You will not get a position at a hedge fund ... There are two methods of networking to get a hedge fund internship: Connections of family and friends- ... you'll ever need to land the most coveted jobs on the buyside. HF Interview Course Here hedge fund ...
  • Networking into a Hedge Fund? It's Unstructured. the IBD to HF article mostly inquired about how to go about networking your way to a hedge fund ... funds (from here, "hedge funds") and quant-shops (with apologies to Ray Dalio), feedback from ... landing a hedge fund interview: 1. Directly via your network 2. Through a headhunter **Most**
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  • Salary: Hedge Fund vs Fund of Hedge Funds (FoF/FoHF) a HF arm ($1.5b) but I can't really ask the people around me what their comps are. The HF guys are ... of your lambo?" kind of jokes from the FoF guys so to me it looks like HF > FoHF at partner ...
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  • Bloomberg Quant vs. Hedge Fund Back/Middle Office Hello WSO, I am interested in your thoughts for two roles: Bloomberg Quant/Sales role and a Hedge ... Fund Middle/Back Office role both in NY. Specifically, the HF role is to help build systems ... (programming) to track middle/back office applications with some potential to assist the firm in risk/quant ...
  • More suggestions...

Fingers crossed that one of those helps you.

Aug 17, 2019

My experience is that the quant space can be challenging to get in as the PMs tend to look to friends/family/previous coworkers/alum contacts for hiring. That said, I think positions on some teams become open from time to time and you might see them occasionally on linkedin/google/glassdoor etc.

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Aug 19, 2019

That's the feeling I'm getting, I see people hiring their friends and coworkers. I guess I'll just need to build up more contacts.

Aug 19, 2019

I have connected with PMs through LinkedIn at multistrats which led to an interview. Most will have an internal headhunter and if you can get in contact with them and they like you, they should connect you with PMs in need as they arise. Another avenue I've had success with uis reaching out to sell-side connections. This is all from experience in fundamental, quant might be very different

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Aug 20, 2019

Thanks for the reply, I'll keep that in mind as December/January comes around. I had done aggressive LinkedIn messaging in the past without success so I kind of mentally gave up on that, but with more experience maybe it'll be different this time.

Aug 19, 2019

Look into P72. They are hiring for their Cubist platform and they have a quant training program called the Data Science Academy that recently started.

Aug 20, 2019

That's for new grads isn't it? Cubist is IIRC run as a bigger team, so quite different.

Not knocking P72, seems like a decent place to work, but "Training Program" sounds very gimmicky. You bring some skills to the job, and learn the ones you need but don't have.

  • Prospect in Other
Aug 29, 2019

P72 Data Science Academy is for training data scientists that support the discretionary L/S side, not for Cubist, I believe

Aug 29, 2019

Are you looking for an engineering position(support) or alpha generation? If u have experience in alpha generation it will boil down to convincing them that you can bring your alpha. You should be able to get an interview easily through a headhunter in the worst case and personal network in the best case (I'm sure they would meet u if only to pump you for information).
If you do not have alpha but are trying to break into alpha Gen out of a support role, it will be tougher. Most quants are phds. MS holders generally support the phds. If u have neither a headhunter and a prayer is your best bet.


Oct 8, 2019

Alpha generation, and I realize it's hard to break in. I've had plenty of headhunters contact me about risk or data at HFs. I think a lot of the firms are putting out pretty competitive "middle office" pay but I personally need the risk and incentive to feel excited about work.

Thanks for the comment though, I'll work my network a bit harder. I know a good number of people, they're just not hiring XD

Aug 29, 2019

why not try to lateral into a risk taking role at GS? Seems like you are in an ideal spot to network internally for this. Then after a couple years of success you can walk into any platform shop with your track record and negotiate a %

just google're welcome

Oct 8, 2019