What are the basic components of a non-compete in a typical employment contract?
This article looks at some of the prominent funds in the quantitative investment world and examines their prop desk history.
With annualised returns of roughly 40% spanning three decades and a lifetime non-disclosure agreement for employees, it’s safe to say Renaissance Technologies is a bit of an enigma. Despite a bit of a slip in their long-term equity fund this year, the (short term) Medallion fund is still reportedly up 25% YTD. If I knew how they produce those returns I wouldn’t be stuck in a very hot and humid office on outskirts of London, however, we have been able to analyse who does i.e. RentTec employees.
We analysed the career sites of 52 of the most prominent hedge funds and proprietary trading firms that employ quantitative investment strategies. This report does not seek to draw any conclusions about the health of the hiring landscape, or the impact of Covid 19, however, it does break down the number of open roles by location, job division and the changes from between May and July.
Note: The focus of this article is on proprietary trading firms in HFT rather than hedge funds. We did not include the HFT operations of hedge funds for the sake of brevity although we did make a couple of exceptions. We are including Citadel because we couldn’t write a HFT article without them. We also included TGS Management because they are a bit of an enigma and based on trading volumes needed to be included.
China’s total Asset Management industry is about 13 trillion USD, of which Private Fund Managers (PFM), offering domestic securities products, make up 14%. Twenty-six Wholly Foreign-Owned Enterprises (WFOEs) have become PFMs since the market was opened to foreign companies, but they are behind the curve in terms of fundraising. According to Bloomberg, the assets raised by foreign firms are 36% below the mean of their Chinese competitors – all except Winton.
Knowing what to expect during a screening call with your Headhunter can help you prepare for an important step in securing a new role. To help you get the most out of your call, we’ve put together a short guide below.