If you work in technology for an investment bank, it’s probably occurred to you to contemplate working for a hedge fund instead. – Funds like Citadel have a reputation for allowing technologists to work closely with portfolio managers and quants; they also have an opportunity for paying base salaries alone of $200k+.
Before you for a tech job in a hedge fund, however, it’s worth being aware how most buy-side funds’ tech systems operate, and how it is that they’re evolving – particularly outside of major funds.
A new report from research firm Greenwich Associates says buy-side firms (asset managers of all kinds) historically had three kinds of core technology system:
– An order management system (OMS): a platform used by institutional trading desks to manage orders to buy