Why UBS Is Hiring So Many Quants
bloomberg.com
Why UBS Is Hiring So Many Quants
1–10 of 46 posts
Re: Why UBS Is Hiring So Many Quants
#2Some one is bound to mention PG's submarine article, http://www.paulgraham.com/submarine.html so it might as well be me.
I mean yesterday we had an article about how Goldman was making its SecDB available to high networth individuals and today we've got another article about how UBS is targeting the same group.
UBS hasn't traditionally been held in the same tier as Goldamn Sachs etc as far as trading and quant jobs go, but one area they do excel in is a more traditional banking are, Wealth management for high worth individuals.
This is the area of the bank the article is talking about.
They are trying to be for high worth people, what Wealthfront or Betterment is for middle class people in that they are trying to bring money strategies that previously were the area of hedge funds to high net worth individuals.
Re: Why UBS Is Hiring So Many Quants
#3I clicked on the link just to find out what a "Quant" was. Answer: quantitative analysts
Re: Why UBS Is Hiring So Many Quants
#4Some one is bound to mention PG's submarine article, http://www.paulgraham.com/submarine.html so it might as well be me. I mean yesterday we had an article about how Goldman was making its SecDB available to high networth individuals and today we've got another article about how UBS is targeting the same group. UBS hasn't traditionally been held in the same tier as Goldamn Sachs etc as far as trading and quant jobs g…
Asset management has been a decent growth segment for Goldman since '09, as money started shifted out of trading.
See p. 59 - http://www.goldmansachs.com/investor-relations/financials/cu...
p. 51 - http://www.goldmansachs.com/s/2012annual/assets/downloads/GS...
~10% YoY growth since 2010; Investment Banking has actually grown a bit quicker than that.
As much as the Volcker Rule has been watered down, it's still having a big impact on banks' ability to take on risk via their trading desks, so you're seeing them shift back into the classic businesses of making deals (investment banking), making rich people richer (private wealth), and making rich institutions richer (investment management in general).
Re: Why UBS Is Hiring So Many Quants
#5Does UBS really oversee $2 trillion or is it a mistake? Further in the article it says that $1.5b is managed by quants. That is a very low proportion.
Re: Why UBS Is Hiring So Many Quants
#6Does UBS really oversee $2 trillion or is it a mistake? Further in the article it says that $1.5b is managed by quants. That is a very low proportion.
Re: Why UBS Is Hiring So Many Quants
#7I clicked on the link just to find out what a "Quant" was. Answer: quantitative analysts
Me too. Looks like it's been used for a while but I never saw until this week and this was the second time I saw it. Sounds derogatory.
Re: Why UBS Is Hiring So Many Quants
#8I clicked on the link just to find out what a "Quant" was. Answer: quantitative analysts
Me too. Looks like it's been used for a while but I never saw until this week and this was the second time I saw it. Sounds derogatory.
Not new and not derogatory: https://www.amazon.com/My-Life-Quant-Reflections-Physics/dp/...
Re: Why UBS Is Hiring So Many Quants
#9Re: Why UBS Is Hiring So Many Quants
#10I clicked on the link just to find out what a "Quant" was. Answer: quantitative analysts
Me too. Looks like it's been used for a while but I never saw until this week and this was the second time I saw it. Sounds derogatory.
Here is a quite amusing clip "Jenga" from the movie The Big Short on this topic.
https://www.youtube.com/watch?v=QpsI_Gvn7C8
BTW, most quants that I know don't find the term derogatory, quite the opposite.