Recent content by osmosis

Story645 - I completely understand; I was of the same sentiment out of school (and still am, though perhaps to a lesser degree). In my experience, very few wall street newcomers have had roommates -- and those did so for non-financial reasons. Once you have the money to avoid commutes and...

Oreliphan -- Mutual funds are in general not the place for quants. The pay structure is very different and there are almost no quant based mutual funds for various practical reasons. Your choices are hedge funds and IBs. As for stat arb, I'll be happy to help -- shoot me another email off...

Oops, that was PM not PPM in the last post.

PPM is portfolio manager. These are people who have their own PnL (like a doctor has his own practice, or a lawyer his own clients). It means you have discretion over how to trade someone else's money. There's nothing fishy about the quote, though it can be misconstrued. An algorithmic...

Hedge funds tend to have percentage deals, but only for PMs. Generally, you have to have a track record. Very few groups in large firms offer such arrangements and only if they really want you (read you're famous/have made gobs of dough in the past/are in a great situation already). It...

Twofish-quant's advice is excellent, and I'd like to add a few thoughts from the perspective of a trader-quant for what they are worth. There are many different roles for physicists in finance. In this sense, wall street is similar to academia. Your individual experience, career development...