Schonfeld

Schonfeld

Manages capital via diversified trading strategies

Fixed Income Intern - DMFI

Summer 2027Updated on 9/21/2026
$48.08 - $52.88/hr
Internship
Bachelor's
New York, NY, USA
In Person

About the job

Requirements
  • Be a Bachelor's student pursuing a degree in Mathematics, Computer Science, Financial Engineering, Economics, or a related quantitative field.
  • Have an interest in macro and fixed income markets and investment strategies.
  • Have familiarity with Python, Excel, and dashboard generation.
  • Have strong mathematical and statistical modeling experience.
  • Be comfortable analyzing large datasets and demonstrate high-level attention to detail.
  • Have strong communication skills.
Responsibilities
  • Build high-impact tools for fixed income instruments such as interest rate swaps, bonds, and interest-rate volatility products.
  • Generate actionable trade ideas for the team.
  • Partner with and support a Fixed Income Team within the Discretionary Macro and Fixed Income Division.
  • Build effective tools and analyze large datasets to generate actionable trade ideas.
  • Provide key insights and decision support for portfolio managers.

About the company

Schonfeld Strategic Advisors runs a multi-manager platform that allocates capital to internal and partner portfolio managers across four main trading approaches: quantitative, fundamental equity, tactical trading, and discretionary macro with fixed income. It gives global portfolio managers autonomy, flexibility, and support to grow their businesses. Over about 30 years, Schonfeld has used proprietary technology, infrastructure, and risk analytics to spot market inefficiencies and opportunities. Its investments cover the Americas, Europe, and Asia and span multiple asset classes. In 2021, it added a discretionary macro & fixed income strategy to broaden its investible universe. The firm serves institutional investors and high-net-worth individuals seeking diversified strategies with strong risk management. Its goal is to generate returns by combining disciplined investment processes with advanced analytics and broad global exposure while actively managing risk.

Company Size

201-500

Company Stage

N/A

Total Funding

$1.5B

Headquarters

New York City, New York

Founded

1988

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Simplify's Take

What believers are saying

  • The flagship Partners fund rose 6.8% year-to-date by August 2026.
  • The macro unit made money in 84% of trading months and posted Sharpe above 3.
  • In 2026, Schonfeld added 15 portfolio managers and broadened exposure across Asia.

What critics are saying

  • Schonfeld sued Millennium’s Adam Grunfeld on April 22, 2026, escalating talent litigation.
  • The quant strategy fell 3.9% through January 16, 2026, reviving redemption risk.
  • Early macro veterans keep leaving; turnover threatens knowledge transfer and pod stability.

What makes Schonfeld unique

  • Schonfeld’s macro unit grew to nearly 150 staff by September 2026.
  • Ryan Tolkin hired Citadel CFO Andrew Philipp as co-president in September 2026.
  • Schonfeld backs Sarda Capital, extending into India through non-exclusive SMA partnerships.

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Benefits

Performance Bonus

Professional Development Budget

Company News

Business Insider
Sep 14th, 2026
Schonfeld's macro unit doubles to 150 staff despite early team departures

Schonfeld Strategic Advisors' macro unit has more than doubled its investment headcount to nearly 150 staffers since last year, despite the departure of most early-day hires. The group now manages close to a fifth of the $23 billion firm's capital and has added 15 new portfolio managers in 2026. The unit, run by co-heads Colin Lancaster and Mitesh Parikh, has made money in 84% of months traded and achieved a Sharpe ratio above 3. Recent exits include former head of risk Marwan Moubachir and former global head of macro trading Amu Latif. Schonfeld's flagship Partners fund is up 6.8% year-to-date after gaining 0.2% in August. The firm reports annual portfolio manager turnover of just 2%.

Bill Malloy
Jun 26th, 2026
New Addepar CTO Bob Pisani paves the way for innovation in fintech and AI.

New Addepar CTO Bob Pisani paves the way for innovation in fintech and AI. Addepar, a fintech company trusted by leading investment and advisory firms, has made a strategic move by appointing Bob Pisani as its chief technology officer. Pisani's extensive experience and visionary leadership are poised to pave the way for groundbreaking advancements at Addepar, a global technology and data organization. Let's delve deeper into how Pisani's appointment is set to catalyze innovation and propel Addepar to new heights, particularly in the realm of Artificial Intelligence (AI) and data. A leader with a proven track record. Pisani's journey at Addepar began in 2020 when he assumed the role of heading Addepar's Platform Engineering. In this capacity, he played a pivotal role in building and managing the teams responsible for driving Addepar's data, computer, and artificial intelligence (AI) developments. Pisani's strategic vision and technical prowess laid the foundation for Addepar's global multi-product strategy, positioning the company for exponential growth and innovation. "I have had the privilege of leading Addepar's incredibly talented platform engineering teams, and I am excited for the opportunity to continue driving Addepar's growth and success on a broader scale as CTO," Bob Pisani said. Prior to joining Addepar, Pisani served as the CTO at Schonfeld Strategic Advisors, a multibillion-dollar global hedge fund, where he honed his leadership skills and deepened his understanding of the financial services landscape. Additionally, Pisani held a leadership role at Amazon Web Services in Solutions Architecture for Private Equity, where he played a key role in shaping technology solutions tailored to the unique needs of the financial industry.

Business Insider
Apr 9th, 2026
Hedge funds cut Miami investment staff despite overall growth

Several major hedge funds are reducing their investment staff in Miami despite the city's reputation as a growing finance hub. Eight multistrategy firms — including Citadel, Millennium, Point72 and Balyasny — employed 218 investment professionals in Miami in 2025, down 20 from the previous year, even as their overall investing head count grew by over 11%. Citadel, which moved its headquarters to Miami in 2022, cut 15 investment professionals there whilst adding 77 globally. Millennium reduced its Miami presence from 53 investors to 48 and consolidated from two offices to one. Only ExodusPoint and Walleye increased their Miami investment staff. Growth is instead concentrated in New York, London, Hong Kong and Dubai, according to regulatory filings.

Business Insider
Jan 23rd, 2026
Renaissance, Schonfeld, and Engineers Gate down up to 6% in rough January for quants

Quantitative hedge funds have experienced a difficult start to 2026, with the average quant down 1% through mid-January, according to Goldman Sachs. Renaissance Technologies' two largest funds lost roughly 4% each through 9 January, whilst Schonfeld's quant-only strategy fell 3.9% through 16 January. Engineers Gate was down around 6% midway through the month. The losses, primarily driven by choppy US equities markets amid trade proposals from the Trump administration, represent the worst stretch since early October. Funds crowding into similar trades have also hurt returns. Performance on 16 January proved especially challenging for many quant managers. The poor start echoes difficulties from 2025, when the average quant returned 7.7%, underperforming both the average hedge fund and the S&P 500.

Bloomberg
Jan 12th, 2026
Schonfeld Backs Startup That Gives Access to Indian Hedge Funds

Schonfeld Strategic Advisors is backing a London-based startup that gives investors access to India’s equity markets by allocating to hedge funds in the South Asian country.