Full-Time

Hedge Fund Operations Associate

Confirmed live in the last 24 hours

PDT Partners

PDT Partners

201-500 employees

Quantitative asset management and algorithmic trading

Quantitative Finance
Financial Services

Compensation Overview

$115k - $180kAnnually

+ Bonus

Entry, Junior

New York, NY, USA

Hybrid position requiring in-office presence in New York City for at least 3 days a week.

Category
Asset Management
Finance & Banking
Requirements
  • 0-3 years or more of work experience
  • Strong numerical literacy and Excel skills
  • Extremely diligent, organized, and meticulously attentive to detail
  • Ability to manage and prioritize multiple tasks and meet firm deadlines for both short- and long-term projects
  • Flexible and motivated to take ownership of projects and demonstrate follow-through
  • Highly collaborative, with ability to work well with colleagues and clients at all levels
  • Demonstrated ability to communicate effectively, both orally and in writing
  • Ability to contribute to an intellectually challenging and friendly team environment
  • FINRA Series 3 license, or willingness to obtain within 90 days of hire
  • Bachelor’s degree with a strong academic record (all majors welcome—ideal candidates are distinguished by the ability to apply their background to inform and enhance their work)
Responsibilities
  • Prepare and distribute regular investor reports, including fund estimates, risk reports, and market commentary
  • Liaise with our fund administrator and internal accounting team to ensure accuracy, correct processing, and booking of investor trades
  • Address investor requests in real time, often interfacing with internal groups to obtain relevant information
  • Update and maintain marketing and due diligence materials
  • Manage and maintain CRM system and investor portal
  • Record, maintain, and utilize quantitative and qualitative investor data that are inputs in regulatory filings, projections, and analyses

PDT Partners focuses on quantitative asset management by developing models that identify inefficiencies in financial markets and predict market movements. The firm uses sophisticated trading algorithms that analyze large amounts of market data to find patterns and execute trades accurately. Unlike many competitors, PDT Partners has a long history in algorithmic trading, having been a pioneer in the field since the 1990s. The company aims to optimize investment strategies for institutional clients, such as hedge funds and pension funds, by providing data-driven insights. Its goal is to foster a culture of collaboration and innovation, encouraging its team to continuously explore and validate new ideas.

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

1993

Simplify Jobs

Simplify's Take

What believers are saying

  • PDT can capitalize on ESG investing by developing specialized quantitative models.
  • The firm can enhance trading strategies using alternative data sources like satellite imagery.
  • Advancements in machine learning offer PDT new ways to optimize trading algorithms.

What critics are saying

  • Emerging quantitative firms using AI may erode PDT's market share.
  • Regulatory scrutiny on algorithmic trading could lead to stricter compliance requirements.
  • Technological advancements may necessitate costly upgrades to PDT's trading infrastructure.

What makes PDT Partners unique

  • PDT Partners excels in quantitative investing with a focus on market inefficiencies.
  • The firm leverages cutting-edge technology and scientific research for algorithmic trading.
  • PDT's collaborative culture fosters innovation and intellectual curiosity among its team.

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Benefits

Full medical, dental, vision, disability, and life insurance coverage

Wellness perks and programs

Generous time off and unlimited sick leave

Match charitable giving

Subsidize fitness and exercise

Emergency back-up child and elder care

401k matching and pre-tax benefits