Is DE Shaw a quant firm?

Shaw is still a top quant firm, of course, but the field is a lot more crowded these days.

How many hours do quants at top hedge funds DE Shaw Two Sigma Citadel etc work per week?

Hours at Citadel are more like an investment bank, so maybe 60-80 hours a week. D.E. Shaw and Two Sigma are more like a university or a tech company, so closer to a normal 9-to-5 schedule.

Is it hard to get a job at DE Shaw?

D E Shaw is very selective about hiring, and we take hiring as a very serious job, spending considerable energy and time into it. This is one of the core principles of the firm to hire only superstars, the best of best. This way you have highly smart and intelligent and hard working people around you.

How selective is DE Shaw?

I hear this all the time when DE Shaw is mentioned. Supposedly, only 1 out of 500 applicants are offered a job.

Is it hard to get a job at Citadel?

The usually media-shy Griffin, with a net worth estimated at $7 billion, spoke this morning in a rare interview on CNBC, and said it’s not easy getting a job at Citadel. “We’ll interview about 10,000 candidates this year to fill about 300 jobs. Harvard’s a bit easier to get into,” Griffin said.

How is it like working at DE Shaw?

The work culture is amazing. You’re allowed to freely explore your ideas. Everyone from an intern to a manager is very friendly and helpful. The company also provides a ton of benefits which I can’t even begin to get into.

What is it like to work at a quant hedge fund?

As quant funds recalibrate, market share and revenues are consolidating among the biggest players that have the scale to invest in technology. Quant hedge funds tend to be highly secretive with strong founders so their culture is not for everyone. But they continue to offer career advancement and good pay, provided you know where to look.

Who is the godfather of Quant investing?

RenTech is perhaps the most famous quant fund and its 82-year old founder Jim Simons is referred to as the godfather of quants. The Man who Solved the Market, a book by Gregory Zuckerman tells the tale of Simons’ ascent and estimates that Renaissance has generated over $100bn in trading profits since 1988.

What is happening to the sell-side of the quant market?

Meanwhile a lot of talent from the sell-side is instead flowing into private equity and alternative asset managers like Blackstone and Carlyle. As quant funds recalibrate, market share and revenues are consolidating among the biggest players that have the scale to invest in technology.

What is the largest hedge fund in the world?

Bridgewater is the biggest hedge fund in the world with approximately $160 billion in global investments for a wide array of institutional clients, corporate and public pension funds, university endowments and charitable foundations. Approximately 1,200 people work at Bridgewater, which is based in Westport, Connecticut.