Friday, November 04, 2005

breaktime: DE Shaw culture

This link from excite gives a good overview of DEShaw - a prominent hedge fund.Excite-
There are links to other companies as well on the same website.

5 Comments:

Blogger derivativesgeek said...

I read your post, and also reviewed the DE Shaw article. It provides a very nice account of the inside a major Quant product firm. I had an appreciation for DE Shaw's comments with respect to ONLY seeking/hiring the *brightest*. Their perspective is somewhat analogous to Microsoft's recruiting & screening processes. This practice is appropriate as both firms products and services are highly computational.

- derivatives geek aka quantphd

2:33 PM, November 08, 2005  
Blogger Quantjock said...

I agree. I have heard really good things about this firm. Of course, their selectivity (1 in 500) makes them really unique...


I heard Citadel is similar too..

4:00 PM, November 08, 2005  
Blogger shooGu said...

Read pp108-110 of Derman's "My Life as a Quant" for some interesting anecdotes about David Shaw and his founding of D.E. Shaw.

When Derman was working at Bell Labs, he took a bunch of CS courses taught by Columbia profs--including database theory taught by Shaw!

8:58 AM, November 10, 2005  
Blogger Quantjock said...

Nice link Shoogu.. I guess i need to sign up at Google to see these pages.

3:29 PM, November 10, 2005  
Blogger shooGu said...

Yes, I suppose you do need to sign up with Google.

Or get a copy of Derman's book! It's def worth reading. He devotes one section of the book to describing the Black-Derman-Toy model, and a later section to the volatility smile...all without a single equation!

Also his anecdotes about working with Fischer Black at Goldman Sachs are very interesting.

9:47 AM, November 11, 2005  

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