R vs. Python in a fundamental equity HF?

Hey guys, so I'm stuck between learning R and Python, and I'm in a fundamental equity research role. Interested in learning 1 of the 2 (could learn both, but honestly I have way too much to learn outside of coding and don't have the time do learn 2 languages on top of that).

For those of you who work in fundamental equity HFs, which of the two is more effective in your day to day, as well as in helping project revenue drivers? What kind of things do you use it for? Which of the two do HF PMs look for as well?

 

Not in HF space so cant comment on that explicitly, but do know a thing or two about CS.

I would do python over R. It can do everything R can and more, but also at times can be a bit more clunky to use.

"one for the money two for the better green 3 4-methylenedioxymethamphetamine" - M.F. Doom
 
Most Helpful

Learn both. The incremental time necessary to pick up the second language is trivial. The only reason either would be helpful in project revenue drivers is if you are working with large/alternative data sets. Otherwise, my personal experience is that a programming language does not move the needle when it comes to accurately forecasting cash flows.

[quote=patternfinder]Of course, I would just buy in scales. [/quote] See my WSO Blog | my AMA
 

Most fundamental funds are unwilling to do anything fancy with data science. Good luck showing your code to your PM and having him invest. Coding is only useful insofar as it extracts a signal that an MBA type can understand.

 

Start with code academy. PM me if you want more stuff because it depends on what your intended use is. Python for automation is v different than python for prototyping quant strats.

"one for the money two for the better green 3 4-methylenedioxymethamphetamine" - M.F. Doom
 

Asperiores sed nihil totam iure animi dolorem velit. Non omnis est dolore omnis et molestiae debitis. Rerum quibusdam a sapiente est. Voluptas culpa deleniti aut quasi.

Eos est et est temporibus qui suscipit dolores. Necessitatibus suscipit labore quae dolores ex quia asperiores. Occaecati quisquam soluta consequatur est repellendus. Est aliquam eligendi omnis nobis omnis iure. Aliquam molestiae enim facere.

Career Advancement Opportunities

March 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Magnetar Capital 96.8%
  • Citadel Investment Group 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

March 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

March 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Citadel Investment Group 95.8%
  • Magnetar Capital 94.8%

Total Avg Compensation

March 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 (249) $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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
kanon's picture
kanon
98.9
10
numi's picture
numi
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...”