(Straits Times) An MBA or experience as a securities analyst will no longer take you to the front of the hiring line. But if you’re nimble with partial differential equations or wavelets, hedge funds want you. Hedge funds that have relied on people to make bets are hiring quantitative analysts, or quants, like never before as they seek answers to lacklustre returns.
They are trying to catch up with the likes of Renaissance Technologies and Two Sigma Investments – leaders in using complex mathematical models for investing. “I haven’t seen demand for quants from hedge funds like this before – any hedge fund you can name is looking,” said Mr Michael Karp, the chief executive of New York recruitment firm Options Group, who has been placing employees in the industry for 25 years.
