Inside the New Quant Gold Rush, Bond Traders Get
Rich by Coding
“These days the ability to code is one of the hottest
skills out there. The multi-trillion dollar market in company debt is getting
wired up by systematic players, and firms are having to pay up for the best
talent.
Hedge funds are poaching from rivals, sweetening
compensation packages and committing more resources, according to recruiters.
Credit-quant clients at London firm Selby Jennings are offering annual
compensation of up to $400,000 to a Ph.D. graduate with five years’ experience
as a desk strategist.”
Jim Simons Reveals Clues to Medallion Fund's
Unrivaled Run
“At the core of the company, which employs about 300
people, is a great computing system, good scientists and low turnover, he said.
Employees, who get a piece of the profits, sign non-disclosure agreements when
they are hired and non-compete contracts after a couple of years on the job.
“It’s fun to work there,” Simons said in a question and answer format led by MIT professor Andrew Lo, who started the quant fund AlphaSimplex Group. “People get paid a lot of money.””
“It’s fun to work there,” Simons said in a question and answer format led by MIT professor Andrew Lo, who started the quant fund AlphaSimplex Group. “People get paid a lot of money.””
How Jim Simons Built the World’s Most Lucrative
Black Box
