Seeing a few HFs starting Implementation internships
So I just saw a Portfolio Implementation summer analyst intern role at AQR with the following description -
This role offers the opportunity to work with senior investment professionals within the firm and exposes the candidate to all aspects of portfolio management, in particular
A successful Portfolio Implementation Analyst will become intimately familiar with global financial markets, financial economics, asset management, quantitative investing and AQR’s investment philosophy.
- Portfolio Construction: optimize portfolios based on model views, market frictions, and investment guidelines
- Portfolio Implementation Research: research and improve portfolio construction and optimization techniques
- Model Research: play integral role in the implementation and improvement of new and existing systematic signals
- Analytics: manipulate and analyze large data sets to identify patterns in the performance and characteristics of AQR’s portfolios
- Trading: measure, model and control trading costs to improve execution
What's interesting is that this role is relatively new, and another interesting fact is that Bridgewater has started a very similar internship in the implementation space, which covers things much like those listed above. I guess my questions are -
- What's the prestige of these kinds of roles? Are they seen as quant or quantamental?