Full-Time

AI/ML Engineer

Confirmed live in the last 24 hours

Verition Fund Management

Verition Fund Management

51-200 employees

Multi-strategy hedge fund for investments

No salary listed

Mid, Senior

New York, NY, USA

Category
Applied Machine Learning
AI Research
AI & Machine Learning
Required Skills
Scikit-learn
Python
Tensorflow
Pytorch
Machine Learning
Development Operations (DevOps)
Requirements
  • Experience in architecting and delivering firmwide cloud based, scalable, supportable, flexible services in a modern devops environment
  • STEM degree
  • Prior experience in finance
  • Proficiency in programming languages commonly used in AI/ML and quantitative finance, such as Python
  • Knowledge of AI/ML frameworks and libraries (e.g., TensorFlow, PyTorch, Scikit-learn) and experience applying AI/ML techniques to real-world data
  • Experience with data manipulation, cleansing, and preprocessing techniques
  • Strong analytical and problem-solving skills, with a creative approach to developing innovative solutions
  • Ability to clearly communicate complex technical concepts to a diverse audience, including both technical and non-technical stakeholders.
Responsibilities
  • Design and build a firmwide scalable programmatic framework to allow teams to access GenAI and ML resources
  • Work closely with Portfolio Managers, Researchers, the Risk team and other business functions to integrate AI/ML models into the firm’s trading systems, strategies and business processes.
Verition Fund Management

Verition Fund Management

View

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. Verition allocates capital dynamically to take advantage of changing market conditions, aiming to generate absolute returns for its clients. The company 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. Verition's goal is to provide consistent returns while fostering creativity and cooperation among its team.

Company Size

51-200

Company Stage

N/A

Total Funding

$1.4B

Headquarters

Greenwich, Connecticut

Founded

2008

Simplify Jobs

Simplify's Take

What believers are saying

  • AMG's stake acquisition could provide Verition with additional capital and resources.
  • AI-driven trading strategies enhance Verition's quantitative strategies and market analysis.
  • Partnership with DIFC may cultivate future finance leaders, enhancing Verition's talent pool.

What critics are saying

  • Increased competition may pressure Verition's performance fees and client retention.
  • AMG's stake acquisition might lead to strategic shifts affecting operational autonomy.
  • Dynamic capital allocation strategy may increase exposure to market volatility.

What makes Verition Fund Management unique

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

Help us improve and share your feedback! Did you find this helpful?

Benefits

Remote Work Options

Company News

Bloomberg Law
Apr 21st, 2025
AMG Acquires Stake in Verition Fund

Affiliated Managers Group Inc. is acquiring a minority stake in Verition Fund Management, a rapidly growing multistrategy hedge fund in the $4.5 trillion industry. The definitive agreement allows Verition's management, led by co-founders Nicholas Maounis and Josh Goldstein, to continue leading the firm and make a significant additional investment. The deal will be announced on Monday and is expected to close in the second quarter of this year.

MarketBeat
Apr 16th, 2025
Scotiabank Boosts MAG Silver (NYSEAMERICAN:MAG) Price Target to $18.50

Verition Fund Management LLC purchased a new stake in MAG Silver in the third quarter valued at $168,000.

ETF Daily News
Apr 4th, 2025
Corebridge Financial Inc. Grows Stake in Patrick Industries, Inc. (NASDAQ:PATK)

Verition Fund Management LLC purchased a new stake in Patrick Industries during the third quarter valued at approximately $418,000.

ETF Daily News
Mar 31st, 2025
Revolution Medicines, Inc. (NASDAQ:RVMD) Shares Purchased by Corebridge Financial Inc.

Verition Fund Management LLC acquired a new stake in Revolution Medicines in the 3rd quarter worth about $645,000.

ETF Daily News
Mar 30th, 2025
American Century Companies Inc. Acquires 175,059 Shares of Marten Transport, Ltd. (NASDAQ:MRTN)

Finally, Verition Fund Management LLC purchased a new stake in Marten Transport in the third quarter worth $216,000.