Global hedge funds increase hiring of data experts – Times of India

Bengaluru: Hedge funds are increasingly hiring technologists in India, with a focus on data scientists and data engineers. New York based hedge fund Millennium Managementwhich manages over $58 billion in assets has 30 roles open in Bengaluru for technical positions, including Data Engineer Fixed income involved in classifying, cataloguing, cleaning and normalizing datasets And works on the Commodities team.
DE Shaw, which manages over $60 billion in assets, has opened new offices in Bengaluru and Gurugram with over 300 employees. off shaw It already had an office in Hyderabad which remains its main center here. “Our talented associates in India have helped the firm innovate for more than 25 years,” said Eddie Fishman, Member of the Executive Committee of the DE Shaw Group. The company is also looking for data engineers to work in the areas of data modeling, data pipelines, APIs, storage, distribution, distributed computation, and infrastructure.
BlackRock, another global investment firm with $9 trillion in assets under management, has about 60 open positions in India across technology, risk management and compliance roles. Soumendra Mohanty, Chief Strategy Officer, Data Science Solutions Company trendssaid hedge funds are building inhouse data teams to analyze external factors, including geopolitical conditions, that impact stock and fund performance.