Quantitative Trading

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Cambridge Asset Management
 Virtual
Company Location: Brooklyn, NY
Application Deadline: Available Year-round
Position: 2 Part-time, Unpaid

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Description

This is not a typical internship offer. It is more of a search for an entrepreneurial minded potential partner.

I am a seasoned professional trader with close to 20 years of Wall St. experience. At one point I founded and ran a trading firm that grew to over 100 traders. I have recently formed a hedge fund with a small amount of seed money.

Things have definitely changed. It is no longer necessary to have human traders. Instead, I want to build a hedge fund of 2 or 3 people and a few computers. A "black box" fund. (I'm not talking HFT.) The fund would create and deploy strategies with desktop applications that we create that interact via API with the brokerage platforms (in my case, Interactive Brokers). Trades will be performed automatically and instantaneously based on our algorithms. As each strategy is deployed, it will be tested in real time and scaled according to its success rate. Ultimately the idea is to have a number of core strategies that can return some Alpha to our clients.

I have the fund set up. I can bring the money at the right time. My contacts in the business will allow me to get to 25M-50M AUM fairly quickly, as long as we have the performance to excite. And I can bring the experience and knowledge of the markets. I am NOT a programmer or a quant. So I am looking for either 1 or 2 individuals who can bring those 2 pieces to the table.

There is no salary for this job but significant sweat equity is available. This is an opportunity to become a partner in a hedge fund. If you have strong computer science, mathematical skills or both than you have the potential to make good money. It is an extra plus if you already understand the market, especially options. You'll also have to be someone who is a self motivator. I'm talking sitting in your dorm or home and getting things done.

If you want me to take your response to this internship seriously please do NOT send a standard cover letter. Rather detail for me why you would be the ideal candidate for this position. Make me want to partner with you.

Responsibilities

Recommend short term or long term trading strategies, back test strategies and develop the application to trade the strategy (using API from Interactive Brokers).

Requirements

Strong skills required in programming, analytics, research and documentation. Familiarity with capital markets and , statistics strongly recommended.

How To Apply

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