The hedge funds hiring graduates and interns
Okay, so you’ve decided to enter finance.
For some reason, you think investment banking or private equity just aren’t for you – which, fair enough, there are reasons people quit soon into both. You’ve elected to go down the hedge fund route from the start.
Is that the best idea? It’s hard to say. Hedge funds hire overwhelmingly from banks sales and trading schemes, and few run their own training schemes for people just leaving university. However, they certainly do exist (you’re about to get a list of them), but expect them to be ferociously competitive. Good luck.
Just a heads up – although some of the biggest hedge funds in the world are on this list, not all are. Renaissance Capital, for example, doesn’t hire interns… But, strangely, their website suggests that they used to – in Moscow and Cyprus. Neither do Bridgewater (although they do have a spring insight session).
AQR Capital Management
What is it? A quant hedge fund. AKA, a quant fund.
Tell me more. A ten-week program on the “Quanta Academy” curriculum in various departments: business development, operations, portfolio implementation, research, risk, and trading.
Tell me less. Here’s their internships page.
Where? Greenwich, Connecticut.
When do I apply? Later this year (August to October) for 2024.
Balyasny Asset Management
What is it? A multi-strategy fund.
Tell me more. An 8–to-12-week program in a range for the investment, data, technology and business and operations teams.
Tell me less. Here’s their internships page.
Where? Global.
When do I apply? Rolling basis – fall and winter, generally.
Brevan Howard Asset Management
What is it? A multi-strategy fund.
Tell me more. Offices around the world, including London, New York, Singapore, Switzerland, Hong Kong, and… The Cayman Islands, if your tan needs work.
Tell me less. Here’s their internships page.
Where? Everywhere?
When do I apply? Now – send in a CV.
Capula Investment Management
What is it? A multi-strategy fund.
Tell me more. Not an internship, but an analyst programme. Short rotations of 6-8 months each in trading, strategy and risk management functions.
Tell me less. Here’s their internships page.
Where? London, Connecticut, New York, Hong Kong, Tokyo, and Singapore.
When do I apply? The 2024 application window opens this May.
Citadel
What is it? A multi-strategy fund.
Tell me more. Everything you could possibly imagine. Trading internships, research internships, engineering internships. Risk and operations internships.
Tell me less. Here’s their internships page.
Where? Global.
When do I apply? Hiring is currently open.
D.E. Shaw & Co.
What is it? A quant fund.
Tell me more. Everything you could imagine, volume 2. Research in Shanghai, analysis in Denver, quant things in New York.
Tell me less. Here’s their internships page.
Where? Global.
When do I apply? Hiring is currently open.
Farallon Capital Management
What is it? A multi-strategy fund.
Tell me more. A variety of roles available, but none currently open. Headquarters are in San Francisco, which is where internships are.
Tell me less. Here’s their internships page.
Where? Global.
When do I apply? Later this year.
Man Group
What is it? Multi-strategy with a well known quant fund.
Tell me more. Graduate programs and internships at the second largest fund in the world (and the biggest outside of the USA).
Tell me less. Here’s their internships page.
Where? The UK.
When do I apply? Hiring is currently open.
Marshall Wace
What is it? A multi-strategy fund.
Tell me more. Graduate programmes and internships on three continents. The “Fundamental Analyst” program also visits Shanghai, in a two-year program made up of 6 month rotations.
Tell me less. Here’s their internships page.
Where? London, New York, Singapore, Hong Kong.
When do I apply? Hiring is currently open.
Millennium Management
What is it? A multi-strategy fund.
Tell me more. Graduate programs in core infrastructure, tech, and investment (which embeds you into UBS’ equities team for a year). Internships in core infrastructure and tech only.
Tell me less. Here’s their internships page.
Where? USA, EMEA, APAC.
When do I apply? Hiring is currently open.
Point72
What is it? A multi-strategy fund.
Tell me more. Lots of internships, from machine learning in New York to quantitative research in Singapore to technology in Warsaw. There’s also the eight-week “Point72 Academy Investment Analyst” program, running in seven cities in five countries.
Tell me less. Here’s their internships page.
Where? Global.
When do I apply? Applications are currently open (for 2024).
Rokos Capital Management
What is it? A multi-strategy fund.
Tell me more. Analyst, operations, and technology internships – although closed now for 2023, you can register interest for 2024.
Tell me less. Here’s their internships page.
Where? London.
When do I apply? Hiring is currently open for 2023.
Schonfeld
What is it? A multi-strategy hedge fund.
Tell me more. Lots of options – 10-week long internships in compliance, software engineering, or quantitative research, mostly in New York.
Tell me less. Here’s their internships page.
Where? New York City, Miami, APAC.
When do I apply? Hiring is currently open.
Two Sigma
What is it? A quant fund.
Tell me more. Quantitative research and software engineering internships are now open. The programs are ten weeks long, and “usually” based out of SoHo, New York.
Tell me less. Here’s their internships page.
Where? New York.
When do I apply? Hiring is currently open.
Have a confidential story, tip, or comment you’d like to share? Contact: Zeno.Toulon@efinancialcareers.com in the first instance.
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