Spring 2026
Quant Research Intern
Posted on 11/28/2025
Marshall Wace
501-1,000 employees
Global provider of alternative investments
No salary listed
London, UK
In Person
 Quantitative Finance (1) |
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- Currently enrolled in a penultimate year of a Master's or PhD program in a STEM subject, set to finish in 2027.
- Strong numeracy with solid understanding of statistical methods and data analysis.
- High proficiency in programming languages such as Python, R, or MatLab.
- Excellent problem-solving abilities and attention to detail.
- Strong communication skills and the ability to work collaboratively in a team environment.
- Collaborate with mentors to develop and implement mathematical models and algorithms.
- Analyse large datasets to identify trends, patterns, and opportunities for investment strategies.
- Present findings and insights to team members and contribute to strategic decision-making.
- Lead the way: You need to bring innovation at all levels, be tenacious and never settle for the status quo.
- Shoot for the moon ambition: A passion for innovation and a desire to learn and grow in the field of quantitative finance.
Marshall Wace provides alternative investment solutions to clients around the world. It uses a global, integrated team to design and manage a range of investment strategies focused on delivering risk-adjusted returns for institutions and other investors. The firm works to build long-term client relationships based on trust and integrity, and emphasizes continuous improvement and fresh thinking to create proprietary value that benefits clients. Its products are different from traditional funds in their emphasis on alternative strategies and customized, research-driven approaches, aiming to achieve better outcomes through disciplined, differentiated investment methods. The goal is to grow client value by offering thoughtful, proprietary investment strategies that align with clients’ needs and risk tolerances.
Company Size
501-1,000
Company Stage
N/A
Total Funding
$8.8B
Headquarters
London, United Kingdom
Founded
1997
Simplify's Take
What believers are saying
- Ray Therapeutics RTx-015 optogenetic therapy approval unlocks significant exit valuation and portfolio returns.
- Digital assets division captures growing allocator demand for alternative return sources in crypto space.
- Commodity expertise expansion through senior trader hires strengthens systematic trading across new asset classes.
What critics are saying
- RTx-015 late-stage trial failure eliminates primary Ray Therapeutics return driver within 12-24 months.
- Regulatory crackdown on stablecoins and crypto assets impairs new digital division returns by 2026-2027.
- Dodson's failed Philipp Oil venture signals execution risk; oil PM hire may underperform benchmarks.
What makes Marshall Wace unique
- Expanding into digital assets and late-stage fintech investments led by experienced operator Amit Rajpal.
- Recruiting specialized talent including ex-Millennium oil PM Andrew Dodson and ex-Citadel credit analyst.
- Diversifying beyond core long/short equity into blockchain, stablecoins, and commodities trading strategies.
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Company Social Events
Company News
Hedge fund Marshall Wace's newest oil PM is an ex-millennium trader. 4 hours ago Moving from Millennium to Marshall Wace - two of the biggest hedge funds in the world - is a pretty normal move as far as the industry goes. Sometimes, however, it takes the better part of a decade and a few side gigs. Andrew Dodson joined Marshall Wace last week as a portfolio manager in its oil team, based in its London office. He joined the firm from DV Trading, a derivatives-focused prop trading firm. He was last employed before that by Millennium as a partner (and portfolio manager) back in 2017. Dodson, whose middle name is Philipp, left Millennium to set up his own hedge fund, Philipp Oil. According to Bloomberg, he was aiming for $500m in assets under management for the launch. However - according to UK register companies house - Philipp Advisors LLP, of which Dodson was a founding member, only ever submitted accounts as a dormant company before being struck off in 2022. He was also the only registered individual with the firm, per the FCA. Confusingly, Dodson was also a member of Sealark LLP, which traded as Philipp Oil for around 18 months in 2018/2019, again per the FCA. Its last full-year accounts, covering 2018, indicate turnover of less than £850k and average profit per member of around £43k. Perhaps Dodson should have stayed at Millennium - the fund has developed a reputation in recent years of fronting some of its star traders with $1bn+ investments to start their own hedge funds. Dodson is not the only new face at Marshall Wace this month. Chet Johal joined the firm this week in London as a portfolio manager from Balyasny, where he spent five years in various analyst and associate roles. And Alexis Wagener joined in New York as a senior credit analyst, having spent two years as a senior associate at Citadel in the city. Marshall Wace declined a request to comment. Dodson did not respond to a request for comment. Have a confidential story, tip, or comment you'd like to share? Contact: +44 7537 182250 (SMS, WhatsApp or voicemail). Telegram: @SarahButcher. Signal: sarahbutcher.22 Click here to fill in our anonymous form, or email [email protected]. Bear with us if you leave a comment at the bottom of this article: comments are moderated intermittently by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. You must take sole responsibility for comments you post on this site. We will take reasonable steps to weed out anything that we consider to be offensive or inappropriate. The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits. Boost your career. Find thousands of job opportunities by signing up to eFinancialCareers today. Top Articles
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