Why Citadel/HRT/Jane-street are more popular among Blind community folks compare to AQR/Bridgewater? The latter group seem to have AUM much higher.
Blind weighs towards swes more. AQR’s tech stack doesn’t have a good reputation. Also AUM doesn’t mean anything for random IC comp. There are firms out there that run with much lower cap and pay employees more. Opposite is sometimes true too of course. Also imo JS and HRT are the most successful at marketing themselves to new grads and the general public. So it’s natural for them to be popular.
AUM isn't really relevant. AQR and Bridgewater manage other people's money. Jane Street and HRT only manage their own money. If you had the best trading strategy would you let someone else use it?
It’s relevant in the sense that some types of strategies only scale well up to some capital threshold, especially the ones with incredibly high sharpe. PDT’s reputation is as strong as anyone’s and they handle a fuckton of external cash.
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More tech focused, higher pay for tech workers. “Cooler” aka high frequency trading and data-driven and quant focused
AQR/Bridgewater also seem to offer all those.. No?
AQR and BW don’t do real HFT- their tech stacks are crap, and traders make 10x what an engineer makes. There’s a difference in pay at CitSec/HRT etc. but it’s not 10x for the high performers. And engineering teams work like engineering teams, not some support staff for the portfolio managers and traders. ^^based on personal experience, take it with a grain of salt