Team Overview
We are looking for interns to join our Investment Processes group. Our Investment Processes group is responsible for the automated processes used in investment decision-making and trading. We are a quantitatively-skilled and collaborative group of investment professionals, working at the intersection of finance and computer programming. Our systems ingest risk and return forecasts, along with client and vendor data, and generate the firm’s trading program. Our trading program tells us what to trade, when to trade it, how to finance the trade, and what trading algorithms to use.
Responsibilities
Our interns are immersed in our team effort, working side-by-side with members of the team. Depending on your competitive advantages, typical responsibilities may include:
Translating investment goals into mathematical problems that can be fed into a computer
Writing and maintaining code to solve portfolio construction, portfolio finance and trade execution problems
Understanding and improving the workflow of security borrowing and collateral management
Designing and implementing algorithms to minimize transaction costs
Researching optimization methods used in finance and in other fields
Designing diagnostic tools to help users understand how our investment ideas are expressed in our computer-driven trading program
Working with software developers to translate our business knowledge and mathematical skills into production-quality code
Qualifications
The ideal candidate has completed an undergraduate degree from an educational institution in a field that requires problem solving skills, such as applied mathematics, economics, engineering, mathematical finance, operation research, or computer science.
Expected master's degree completion within a year of the internship. We value professional and academic success.
A strong candidate will have some, but perhaps not all, of these qualifications:
Knowledge of financial markets and asset pricing, gained through industry experience or academic study
Interest in numerical optimization algorithms, especially convex programming
Great communication skills, and an eagerness to talk to investment professionals with varying degrees of quantitative expertise
Experience with various programming languages, including C# or other object-oriented language, Python or other scripting language, and R or other statistics-based language
Understanding of probability, statistics and linear regression
Arrowstreet Capital is a Boston-based systematic investment firm that manages global equity portfolios for institutional investors around the world.
All qualified applicants will receive consideration for employment without regard to sex, race, color, religion, national origin, ancestry, genetic information, age, pregnancy, medical condition, disability, veteran or military status, marital status or any other characteristic protected by federal, state, or local law.
Arrowstreet Capital is committed to working with and providing reasonable accommodations for qualified individuals with disabilities and disabled veterans. If you need a reasonable accommodation for any part of the employment process due to a disability, contact us to discuss the nature of your request and contact information.
Top Skills
What We Do
Arrowstreet Capital is a Boston-based investment manager that provides global and international equity investment strategies and fund products to institutional investors such as pension plans, endowments, foundations, and registered/unregistered commingled investment funds.
We offer a select range of global equity investment strategies managed as long-only, alpha extension and long/short utilizing a broad range of instruments, including swaps and futures. Our investment process utilizes quantitative methods that focus on identifying and incorporating investment signals into our proprietary return, risk and transaction cost models. Our investment approach involves creating and investing in diversified equity portfolios. We utilize a structured investment process that attempts to add value relative to a client specific benchmark. This involves identifying opportunities across companies, sectors and countries by evaluating a diverse set of fundamental and market-based predictive factors. Portfolios are constructed through the use of a mean variance optimizer and proprietary risk and transaction cost models.
Arrowstreet Capital manages approximately $100 billion for over 200 client relationships in North America, the United Kingdom, Europe and the Asia-Pacific regions.
