Quantitative analyst

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A quantitative analyst is a person who works in the financial markets developing and implementing mathematical models to assist the activities of traders and risk managers within investment banks, hedge funds and other financial institutions. Throughout the industry, such professionals are known as quants. [1]

Many college MBA programs train quants, and these students are often called quant jocks. The term quant is cited in print from the 1970s. The term quant jock is cited in print from the 1980s.[2]

Quantitative analysts are employed by financial services businesses, such as life insurance companies, pension funds, money management, and other Wall Street firms. Quants may focus on sales projections, risk management, and the cost of capital.[3]Some contend that much like the way opposing teams' defenses can be picked apart in football, quants look to exploit market inefficiencies to build better trading models.[4]

References

  1. Definition. Hedge Funds Consistency Index.
  2. Quant or Quant Jock (Quantitative Qnalyst). Barry PopIK.
  3. Quant Finance Definition). Quant Finance.
  4. Quants Are Taking the Fun Out of Investing. Barry PopIK.