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Hedge Fund Quant Jobs (NOW HIRING)

Verition Fund Management LLC is a multi-strategy hedge fund seeking a Quantitative Developer to join their Quant Strategies Group. The role involves designing and developing tools in Python for ...

Verition Fund Management LLC is a multi-strategy hedge fund with a focus on quantitative trading. They are seeking a Quantitative Developer to design and develop tools for analysis, trading, and risk ...

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Hedge Fund Quant information

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$98K

$169.7K

$259.5K

How much do hedge fund quant jobs pay per year?

As of Sep 2, 2026, the average yearly pay for hedge fund quant in the United States is $169,729.00, according to ZipRecruiter salary data. Most workers in this role earn between $134,500.00 and $199,000.00 per year, depending on experience, location, and employer.

What is a hedge fund quant?

A Hedge Fund Quant (Quantitative Analyst) develops mathematical models and algorithms to analyze financial data, identify trading opportunities, and manage risk. They use programming, statistics, and financial theory to build predictive models for asset pricing, portfolio optimization, and algorithmic trading. Quants typically work with large datasets and employ machine learning or statistical methods to optimize investment strategies. Strong proficiency in programming languages like Python, C++, or R is essential. Their work helps hedge funds gain a competitive edge in financial markets through data-driven decision-making.

What are the typical daily responsibilities of a hedge fund quant?

As a Hedge Fund Quant, your day-to-day responsibilities often include researching and developing quantitative trading models, analyzing large datasets, and backtesting investment strategies. You will also monitor model performance, refine algorithms based on real-world results, and work closely with portfolio managers and traders to implement your findings. Many roles require you to stay updated on market trends and rapidly adapt strategies in response to new data. Collaboration with other quants and IT teams is common to ensure that models are both accurate and efficiently integrated into the firm’s trading systems. This dynamic work environment offers continual learning and opportunities for significant professional growth.

What are the key skills and qualifications needed to thrive in the hedge fund quant position, and why are they important?

To thrive as a Hedge Fund Quant, you need advanced quantitative skills, a solid foundation in mathematics or statistics, and typically a graduate degree in a quantitative field. Proficiency with programming languages such as Python, R, or C++, as well as familiarity with statistical modeling tools and financial data platforms, is essential. Strong analytical thinking, attention to detail, and effective communication skills help you collaborate with portfolio managers and explain complex models. These abilities are critical for developing robust trading strategies, identifying market opportunities, and contributing to a competitive edge within a dynamic financial environment.

Do hedge fund quants work for hedge funds?

Yes, hedge fund quants typically work for hedge funds, where they develop quantitative models and algorithms to inform trading strategies. They often have strong backgrounds in mathematics, programming, and finance, and use tools like Python, R, or MATLAB in their work environment.

How much do hedge fund quants make?

Hedge fund quants typically earn a base salary ranging from $100,000 to $200,000 annually, with total compensation often exceeding $1 million when including bonuses and profit sharing. Compensation varies based on experience, performance, firm size, and the complexity of models used, with successful quants at top firms earning significantly more.

What cities are hiring for Hedge Fund Quant jobs?

Cities with the most Hedge Fund Quant job openings:

What are the most commonly searched types of Hedge Fund Quant jobs?

The most popular types of Hedge Fund Quant jobs are:

What states have the most Hedge Fund Quant jobs?

States with the most job openings for Hedge Fund Quant jobs include:

Infographic showing various Hedge Fund Quant job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 24% Part Time, and 2% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $169,729 per year, or $81.6 per hour.

Data Sourcing Associate - Quant

Verition Group LLC

New York, NY • On-site

$100K - $170K/yr

Full-time

Posted 9 days ago


Job description

Firm Overview
Verition Fund Management LLC ("Verition") is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Global Credit, Global Convertible, Volatility & Capital Structure Arbitrage, Event-Driven Investing, Equity Long/Short & Capital Markets Trading, and Global Quantitative Trading.
Role Overview
The Data Sourcing team partners closely with investment, research, and technology groups to identify, evaluate, and onboard high-impact datasets that support alpha generation and risk management. The team is responsible for the full lifecycle of data sourcing, from request management to commercial discussion, and then onboarding, governance, and ongoing usage analysis.
We are seeking a Data Sourcing Analyst with a strong understanding of Quantitative data to support data acquisition across the quantitative business at the firm. This role will work closely with portfolio managers, researchers, and quantitative teams to source both traditional and alternative datasets, manage vendor relationships, and ensure data is effectively integrated into the firm's research and trading workflows.
Responsibilities
  • Manage all requests from quantitative investment personnel; identify, evaluate, and source required.
  • Maintain highly detailed notes and lists of requests, interests, and current status of data usage in the quantitative vertical.
  • Proactively monitor the external data landscape to identify emerging vendors and new data sources with potential investment value.
  • Partner with PMs and researchers to understand use cases and translate investment needs into data sourcing requirements.
  • Manage vendor relationships, including pricing discussions, contract negotiations, renewals, and audits.
  • Coordinate with Legal, Compliance, and Procurement to ensure appropriate licensing, usage rights, and regulatory compliance.
  • Support cost allocation, usage tracking, and budget management across quantitative teams.
  • Oversee the end-to-end data onboarding process, working with Technology and Data Engineering teams to integrate new datasets.
  • Ensure data quality, documentation, and metadata standards are met.
  • Serve as a key point of contact between data vendors and internal stakeholders.

Qualifications
  • Bachelor's degree in a related field.
  • 3-7 years of experience in data sourcing, market data, or vendor management, preferably supporting quantitative trading or research teams.
  • Extreme organization and attention to detail and comfortable managing multiple stakeholders and priorities
  • Hedge Fund or Buy Side Experience Preferred
  • Strong understanding of quantitative markets.
  • Experience sourcing and managing alternative datasets is highly desirable.
  • Familiarity with data governance, licensing models, and vendor contracts.
  • Strong communication skills with the ability to interact effectively with portfolio managers, quants, and technologists.
  • Preferred skills:
    • Experience working with data inventory or usage-tracking tools (e.g., FITS or similar platforms).
    • Comfort working with JIRA, SQL, Python, or data analysis tools to support usage analysis.

The annual base salary range for this position is $100,000 to $170,000 (USD). In addition to base salary, this position is eligible for a discretionary performance bonus and a comprehensive benefits package. Actual compensation offered to the successful candidate will be determined based on a variety of factors such as geographic location, work experience, qualifications, and skill level.