Data

How WorldQuant is turning to crowdsourcing to hire quant talent

  • There's a way on for quant talent at hedge funds.
  • A new partnership illustrates new sourcing strategies.
close

Email a Friend

How WorldQuant is turning to crowdsourcing to hire quant talent

What does a leading quant hedge fund do to tap emerging talent? Create a human algorithm, of course.

WorldQuant, the $7 billion quant fund has partnered with Udacity, an online learning platform, to create a career path for opportunities for qualified Udacity students.

Why a hedge fund partners with an online learning platform: The global hedge fund is growing its Virtual Research Center. The VRC, with 1200 consultants worldwide, enables individuals to conduct research to build algorithms that may be used in WorldQuant’s systematic financial strategies. Its tagline is ‘talent is distributed globally, but opportunity is not’.

Grads of certain Udacity Nanodegree programs qualify for a streamlined interview process for consultant positions.

Udacity Nanodegree programs eligible for this partnership include:

  • Artificial Intelligence
  • Predictive Analytics for Business
  • Machine Learning Engineer
  • Data Scientist

There are 500 Udacity grads currently under consideration.

Generating community algos: The quant community is always on the lookout for new talent. Platforms like Quantopian and CloudQuant provide tools and data to budding data scientists and license the best ones for their own trading strategies. With backing from Steve Cohen’s Point72, Quantopian recently allocated the most money ever ($50 million) to a crowdsourced algo.

“We are excited to expand the opportunity set for leading talent. This partnership directly aligns with our priorities – empowering global quantitative talent and making high-quality opportunities more accessible around the world,” said Igor Tulchinsky, WorldQuant’s founder and CEO.

0 comments on “How WorldQuant is turning to crowdsourcing to hire quant talent”

Data, EarlyStage

‘There are 400 million people in sub-Saharan Africa that don’t have formal credit files’: Pngme’s Brendan Playford

  • Africa is seeing the launch of a lot of new financial services and fintech.
  • That provides an opportunity for companies like Pngme to standardize and support financial data sharing.
Zachary Miller | January 05, 2021
Data, Member Exclusive, Podcasts

‘A network problem needs a network answer’: Akoya’s Stuart Rubinstein

  • 11 major banks, plus Fidelity and The Clearing House, have invested in Akoya.
  • The new financial data network expects to have half the deposit accounts in the U.S. connected to the platform next year.
Zachary Miller | December 14, 2020
Data, Member Exclusive

Pandemic-induced hardships are boosting demand for credit monitoring, counseling and repair

  • Dovly offers consumers the opportunity to maximize credit scores through their automated software.
  • The company has increased its customer base by 160 percent this year.
Rimal Farrukh | December 11, 2020
Data, Member Exclusive, Podcasts

‘A Cambrian explosion of products and services’: The rising importance of payroll data with Plaid’s Ben White

  • Data aggregation is the underpinning of the modern financial experience.
  • The industry's focus is moving to payroll data to get a fuller picture of a consumer's financial life.
Zachary Miller | December 08, 2020
Data, Member Exclusive, Podcasts

‘With Boost, we had to break things’: Experian’s Gregory Wright

  • Credit bureaus are moving along the value chain.
  • Experian's chief product officer joins the podcast to talk about lessons the firm has learned from Silicon Valley.
Zachary Miller | November 23, 2020
More Articles