What is the best training for finance PhDs?

A field day for machine learning and artificial intelligence PhDs

In a 27 March 2019 Bloomberg op-ed, Stony Brook University professor Noah Smith describes the quest by many technology and finance companies to hire top-tier PhD graduates, particularly in machine learning (ML) and artificial intelligence (AI). A 2017 Paysa study found that 35% of listed jobs in ML and AI required a PhD.

All of the major tech firms are aggressively expanding their staffs in the ML and AI arenas. Google has more than tripled its number of machine learning researchers in the past few years. Amazon is hiring

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Majority of highest-earning hedge fund managers and traders are at quant firms

Forbes’ list of highest-earning hedge fund managers and traders

Forbes has released their 2019 list of the twenty highest-earning hedge fund managers and traders (see also this Forbes analysis).

Here is a synopsis of the results:

Manager Rank 2017 earnings Company Type: Q* or D* Jim Simons 1 $1.6 B Renaissance Technologies Corp. Q Michael Platt 2 $1.2 B BlueCrest Capital Management D Ray Dalio 3 $870 M Bridgewater Associates Q Ken Griffin 4 $870 M Citadel LLC Q John Overdeck 5 $700 M Two Sigma Investments Q David Siegel 5 $700 M Two Sigma Investments Q Israel Englander

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