Verition Fund Management

Quantitative Developer

New York, New York, United States

Not SpecifiedCompensation
Mid-level (3 to 4 years), Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Investment ManagementIndustries

Requirements

Candidates are required to possess at least 9 years of experience in a front office focused quantitative development role, along with a Master’s degree in computer science.

Responsibilities

The Quantitative Developer will work as an individual contributor to deliver key projects impacting trading, alpha generation, and risk management, decommission legacy tools and code, centralize Python libraries, review code changes, design and build tools and libraries for front office and risk management teams, assist with middle and back office reporting, and communicate complex technical concepts effectively to various stakeholders.

Skills

Python
Front Office Technology
Infrastructure
Modernization
Extension
Portfolio Management

Verition Fund Management

Multi-strategy hedge fund for investments

About Verition Fund Management

Verition Fund Management is a hedge fund that employs multiple investment strategies to manage assets for institutional investors, such as pension funds and high-net-worth individuals. The firm focuses on various strategies including Credit, Fixed Income Macro, Convertible Volatility Arbitrage, Event Driven, Equity Long Short Capital Markets, and Quantitative Strategies. Their approach involves dynamic capital allocation, allowing them to adapt to changing market conditions and aim for absolute returns. Verition differentiates itself from competitors through its collaborative work environment and a strong emphasis on risk management, utilizing both internal and external analyses to maintain disciplined investment practices. The company's goal is to generate positive returns for its clients while fostering a culture of creativity and cooperation among its team.

Key Metrics

Greenwich, ConnecticutHeadquarters
2008Year Founded
$1,397.3MTotal Funding
VENTURE_UNKNOWNCompany Stage
Quantitative Finance, Financial ServicesIndustries
51-200Employees

Benefits

Remote Work Options

Risks

Emerging hedge funds using AI may outperform Verition's traditional strategies.
Regulatory scrutiny could impact Verition's fee structures and transparency requirements.
Geopolitical tensions may disrupt Verition's fixed income and equity investment strategies.

Differentiation

Verition employs a multi-strategy approach, offering diverse global investment strategies.
The firm has a collaborative environment fostering creative investment ideas.
Verition's sophisticated risk management ensures disciplined investment practices.

Upsides

Verition benefits from increased interest in ESG investing for sustainable investment strategies.
AI-driven trading platforms enhance Verition's quantitative strategies and risk management.
Alternative data sources provide Verition unique insights for competitive market predictions.

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