Dream quant job: Citadel’s Ken Griffin Looks for 37 new hedge fund managers to see new funds
You got two years to prove yourself if you can do it. Highlights from a Business Insider article:
From the Boston Globe:
“We’re hopeful that we can create the next layer of brightest and most talented money managers,” Jon Venetos, a Citadel managing director who is overseeing the launch of the Boston office on State Street said.
Under this venture, managers run Citadel money for two years, building a track record they can use later to raise money from outside investors. Citadel says it will help the managers raise that money, while retaining the right to invest themselves.
Read more: http://www.businessinsider.com/citadels-ken-griffin-will-give-30-wanna-be-star-hedge-fund-managers-their-dream-job-2010-9?goback=%2Egde_2107793_member_30022598#ixzz10AsE7S4i
But don’t thank him just yet.
“A lot of big hedge funds are seeding smaller hedge funds for several reasons, one of which is to pick off ideas of theirs and enhance their own internal research,” says Charles Gradante, cofounder of Hennessee Group, a New York adviser to investors in hedge funds.
Read more: http://www.businessinsider.com/citadels-ken-griffin-will-give-30-wanna-be-star-hedge-fund-managers-their-dream-job-2010-9?goback=%2Egde_2107793_member_30022598#ixzz10AsHGuCa
Kenneth Griffin is the Founder and Chief Executive Officer of Citadel investment group since the investment firm’s foundation in 1990.
He has a Bachelor’s degree in economics from Harvard College
Read more: http://www.businessinsider.com/blackboard/ken-griffin#ixzz10AsPWr8H
From:
http://www.businessinsider.com/citadels-ken-griffin-will-give-30-wanna-be-star-hedge-fund-managers-their-dream-job-2010-9?goback=.gde_2107793_member_30022598
