Durlston Partners

Collaborative vs. Siloed Hedge Fund When considering a position at a hedge fund, it's important to evaluate which environment aligns with your working style and career goals. There are typically two kinds of environments in the hedge fund industry: Collaborative and Siloed (also known as Multi-Manager). Collaborative Hedge Funds • Teams work closely together across various strategies and asset classes, often within a single book • Encourages open communication, idea-sharing, and collective problem-solving • Creates a sense of shared success and team achievement Siloed Hedge Funds (Multi-Manager) • Individual portfolio management teams operate independently • Each team manages its own portfolio with minimal interaction with others • Performance is directly tied to individual teams, making it easier to track success So, which is the best environment? There is no one-size-fits-all answer. Both have their pros and cons. A collaborative environment might be better if you value teamwork and shared success. If you seek independence and thrive under personal accountability, a multi-manager setup could be more suitable. There’s much more to consider, but I hope this gives you a clearer picture if you're thinking about a move to the hedge fund industry. As always, feel free to reach out if you have any questions or need more insights into navigating the hedge fund landscape.

𝗖𝗮𝗿𝗲𝗲𝗿 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻: 𝗦𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝗘𝗻𝗴𝗶𝗻𝗲𝗲𝗿 𝘁𝗼 𝗤𝘂𝗮𝗻𝘁𝗶𝘁𝗮𝘁𝗶𝘃𝗲 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗲𝗿 Many software engineers in my network are interested in transitioning to quantitative development roles but often lack a clear understanding of what the move entails. 𝗪𝗵𝘆 𝗠𝗼𝘃𝗲? Reflecting on your motivations is crucial. A word to the wise: most firms seek compelling reasons beyond “my friend from University makes more money than me". 𝘾𝙤𝙣𝙨𝙞𝙙𝙚𝙧 𝙩𝙝𝙚 𝙛𝙤𝙡𝙡𝙤𝙬𝙞𝙣𝙜... ◽ Greater intellectual challenges (Coding + Maths + Finance) ◽ Closer collaboration with quants - every day ◽ Greater impact on fund performance (one quant developer at a hedge fund was paid an £8M bonus in one year) ◽ Better career progression (Firms with QD’s tend to have offer a steeper learning curve through a more 360 role) 𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘆𝗼𝘂 𝗺𝗶𝘀𝘀𝗶𝗻𝗴? There is significant overlap between pure engineering roles on the buy-side and quant development roles – but to make a successful move, you need to identify areas where you might benefit from upskilling, as well as those where you can add value. *𝙃𝙞𝙜𝙝𝙡𝙮 𝙜𝙚𝙣𝙚𝙧𝙖𝙡𝙞𝙨𝙚𝙙* 𝙙𝙞𝙛𝙛𝙚𝙧𝙚𝙣𝙘𝙚𝙨 𝙗𝙚𝙩𝙬𝙚𝙚𝙣 𝙩𝙝𝙚 𝙌𝘿 𝙖𝙣𝙙 𝙩𝙝𝙚 𝙥𝙪𝙧𝙚 𝙎𝙒𝙀 𝘚𝘰𝘧𝘵𝘸𝘢𝘳𝘦 𝘋𝘦𝘷𝘦𝘭𝘰𝘱𝘦𝘳: Focuses on building infrastructure components required for trading and occasionally assists quant developers with their strategies. 𝘘𝘶𝘢𝘯𝘵 𝘋𝘦𝘷𝘦𝘭𝘰𝘱𝘦𝘳: Closer to a researcher, they analyse data to derive quantitative insights that can inform new trading strategies or improve existing ones. They code, test, and implement strategies themselves, optimizing trading prototypes and building trading infrastructure from scratch. 𝗖𝗼𝗿𝗲 𝗦𝗸𝗶𝗹𝗹𝘀 Success in a quant development role requires both technical skills and deep financial market knowledge. ◾ 𝙏𝙚𝙘𝙝𝙣𝙞𝙘𝙖𝙡: A strong engineering background is essential. If you could cherry pick languages, the safest bets are Python and C++ is highly transferable and valuable in this space. ◾ 𝙁𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙈𝙖𝙧𝙠𝙚𝙩𝙨: Understanding capital markets and how they function is crucial. Many roles require specific asset class experience, so staying informed about general market trends and delving into particular areas of interest is important. 𝗦𝘁𝗲𝗽𝘀 𝘁𝗼 𝗣𝗿𝗲𝗽𝗮𝗿𝗲 ◽ Reflect on your motivations for a move. ◽ Identify your strengths and weaknesses in engineering. ◽ Delve into capital markets knowledge: ◾ Identify areas of interest. ◾ Understand how engineering can impact the front office. 4. Formulate a plan 5. Execute 𝗛𝗼𝘄 𝗖𝗮𝗻 𝗜 𝗛𝗲𝗹𝗽? Having overseen such career transitions, I understand what you need to do to make this move. Get in touch for targeted reading lists, CV guidance, and access to roles that align with your profile and career goals. 🔺 Caitlin Mulholland 🔻 caitlin@durlstonpartners.com #careers #quantdeveloper #softwareengineer #bonus #quantroles #techroles

#Relocation to the UAE for Machine Learning Scientists (LLM)! Durlston Partners is working exclusively with a firm based in the UAE who will be hiring ML Scientists who are interested in exploring the application of LLMs to various stages of the investment / research process. To manage expectations on how the process starts: - I cannot tell you who the client is from the get-go, it will require a leap of faith. No your profile won't have been sent to them already, that's the luxury of exclusivity. - After said leap, if you are requested for an interview, I then tell you all the information about with whom you shall be speaking. You will need to have a bachelor's from a hashtag #Top100University globally. For clarification, this is the classification generally, not for your specific subject. Whilst I completely understand you might not like me for highlighting that, at least we're both saving each other some time. Fit the bill? Come on, walk on fire with me! 📩 warwick@durlstonpartners.com

Our recent #WomenattheTable event was a resounding success! A huge thank you to our fantastic speakers who provided valuable insights and inspiration. Here’s a recap of their contributions: 🌟 Hana Makhlouf (Bank of America) discussed lessons learned and offered advice for newcomers in the industry, focusing on documentation, self-advocacy, mentorship, and workplace boundaries. 🌟 Riddhi Kasliwal (Spotify) shared her journey and insights, from getting into CompSci to transitioning from IB to HF to Tech, and managing relocation. 🌟 Armine T. (Citadel Securities) provided lessons learned from interviewing and delved into the art of acing it, emphasising both technical skills and company culture fit. 🌟 Ritu Vyas (J.P. Morgan Asset Management) explored navigating overseas moves, cultural transitions, and upskilling after career breaks, drawing from her experience working across different countries and industries. 🌟 Emily Atkinson (Arkiter) discussed the role of AI in combating gender bias in technical interviews and shared insights on female entrepreneurship. 🌟 Freya Harman (Durlston Partners) provided a market update and offered tips on leveraging recruiters effectively. The event was a massive success, with 150 women registered and over 100 in attendance. 🎥 Missed it? Watch the Q&A session here: https://lnkd.in/eakWt7JE To hear about our next event, join our community: https://lnkd.in/eb9-cSGB #WomenInTech #Inspiration #Mentorship #CareerGrowth #WomenEmpowerment #Networking

🏳️🌈 At Durlston Partners, we have celebrated Pride Month by sharing the remarkable contributions of LGBTQIA+ individuals who have significantly impacted the fields of tech, data science, quant finance, and digital assets. By sharing these stories, we celebrate their achievements and underscore the importance of creating a more inclusive world. We're also lucky to see the Pride flags hanging right outside our window at our London office (see pic). Happy Pride Month! 🏳️🌈

𝐒𝐞𝐧𝐢𝐨𝐫 𝐉𝐚𝐯𝐚 𝐄𝐧𝐠𝐢𝐧𝐞𝐞𝐫 - 𝐓𝐨𝐩 𝐒𝐲𝐬𝐭𝐞𝐦𝐚𝐭𝐢𝐜 𝐇𝐞𝐝𝐠𝐞 𝐅𝐮𝐧𝐝 - 𝐋𝐨𝐧𝐝𝐨𝐧 - 𝐔𝐩 𝐭𝐨 £𝟑𝟓𝟎𝐤 𝐓𝐂 - Durlston Partners If working in a team where you can work both collaboratively and autonomously building end-to-end systems would interest you, then the role below could be a great fit. The firm promotes a highly inclusive and friendly culture, as well as offering a hybrid working environment and good work-life balance. ✉️james@durlstonpartners.com https://lnkd.in/gpx8vMyH

𝗪𝗵𝘆 𝘀𝗽𝗲𝗮𝗸 𝘁𝗼 𝗮 𝗵𝗲𝗮𝗱𝗵𝘂𝗻𝘁𝗲𝗿 𝗯𝗲𝗳𝗼𝗿𝗲 𝘆𝗼𝘂'𝗿𝗲 𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝘁𝗼 𝗺𝗼𝘃𝗲 𝗿𝗼𝗹𝗲𝘀? It may seem counterintuitive, but it allows you to have frank and transparent conversations without the pressure of actively applying to roles. 𝘜𝘴𝘦 𝘵𝘩𝘦𝘴𝘦 𝘮𝘦𝘦𝘵𝘪𝘯𝘨𝘴 𝘵𝘰: ◽ Gain insight into hiring trends in your market. ◽ Learn about new firms / projects that align with your skillset. ◽ Explore your motivations and future goals. ◽ Identify areas for upskilling. ◽ Map out timelines for the next steps in your career. ◽ Review and update your CV. When the time comes to start actively exploring new opportunities, you have a clear roadmap for your long-term progression, an overview of roles you can apply for that meet your short-term preferences, and an updated and recruiter-approved CV. You have also built a relationship with your recruiter, so they are well-prepared to represent you to their clients. 𝘞𝘪𝘯𝘴 𝘢𝘭𝘭 𝘳𝘰𝘶𝘯𝘥. If you're keen to have an informal, discrete chat re any of the above (preferably over pints or pasta), drop me a message. 📩 caitlin@durlstonpartners.com #networking #quant #tech #ml #ai #fintech #careers #cv #hiring

ROLES OF THE WEEK [ENGINEERING] New Global Macro Fund (LDN): • Head of Data Engineering • Head of Market Data • Python Quant Developer (FI experience) • Python Data SWE (Finance experience, preferably FI) New Equity L/S Fund (LDN): • Senior Software Engineer (Python + JavaScript + Equities experience) HFT Crypto Trading Firm (Remote): • C++ Quant Developers (with HFT experience) [RESEARCH] Systematic Hedge Fund (LDN/NYC/CHI): • Mid-level Systematic Futures QR • Alpha QRs (with alt data exp) • NLP Researcher • Execution Researcher (HFT background) Market Maker: • Equities OMM Quant Researcher (NYC/CHI) • Futures Quant Researcher (NYC/CHI) • EU Credit Quant Trader (LDN) Systematic Hedge Fund: • HFT EU Equities Quant Researcher Plenty more roles available. Reach out for more info.

𝐇𝐮𝐠𝐞 𝐑𝐨𝐥𝐞 𝐔𝐩𝐝𝐚𝐭𝐞 🎯 Developers in the finance space! Are you open to hearing about new & exciting opportunities with interesting project work & competitive compensations? Please see below a list of available roles: 𝐏𝐲𝐭𝐡𝐨𝐧 🐍 Quant Analyst/Developer - Boutique Hedge Fund (Systematic Futures) 🐍 Principal Engineer - Asset Manager (Fixed Income) 🐍 Quant Developer - Global Macro Fund 🐍 Senior Engineer - Global Asset Manager (Fixed Income) 🐍 Senior Engineer - Hedge Fund (Equity Long/Short) 🐍 Quant Developer - Multi-Strat Fund (Fixed Income) 𝐉𝐚𝐯𝐚 ☕ Java Developer - FinTech (treasury & margin) ☕ Core Java Developer - Alternative Asset Manager (Equities) ☕ Java Developer - Crypto HFT 𝐂++ ➕ Senior C++ Developer - Crypto FinTech ➕ Senior C++ Developer - Crypto Trading Firm ➕ Senior C++ Developer - Hedge Fund 𝐎𝐭𝐡𝐞𝐫 🦀 Rust Developer - AI Firm ⬆ Frontend Developer - AI Firm 🔒 Security Engineer - Hedge Fund 🔍 PhD Researcher - Crypto FinTech If any of these roles sound interesting, don't hesitate to reach out to find out more details. Emily Lockyer emily@durlstonpartners.com #python #cplusplus #java #softwaredeveloper #jobs

Amazing to have the very talented Ritu Vyas speak at our Women at the Table event recently. She explored navigating overseas moves, cultural transitions, and upskilling after career breaks, drawing from her experience working across different countries and industries. Don't forget to join our Women at the Table group to stay up to date with news and events. https://lnkd.in/edXekxzj https://lnkd.in/eb9-cSGB