<t>QuoteOriginally posted by: traderjoe1976QuoteOriginally posted by: capafan2What kind of research to Business PhD.s do? In Finance, the main areas of research are:Corporate Finance Portfolio AnalysisThe above two are mostly statistical analysis of data sets using SAS.Behavioral Finance - Pyscholog...

I'm wondering whether I should put the constant in the error correction term or leave it unrestricted? I'm looking to model stock market levels against each other. What's the pros and cons of either approach?

QuoteOriginally posted by: katastrofaI've had several interviews with quant hedge funds, noone asked me about C++. Their quants used either Java or C#.Was this for a research position?

<t>QuoteOriginally posted by: katastrofaI've had several interviews with quant hedge funds, noone asked me about C++. Their quants used either Java or C#.Can others confirm this? I know one of the largest market makers/high frequency prop firms uses C++ (although I guess they're not a hedge fund). <...

<t>Helpful advice from both of you.QuoteOriginally posted by: spv205frankly I doubt it matters which area - perhaps better to focus on getting the best publications.However, would you say that all else held equal, it's better to have papers that are more technical/quantitative? I ask because in my f...

<t>Where should a post-doc that specializes in applied time series research focus their research efforts if they want to maximize the probability of securing an entry level position as a researcher at a quant fund?The space of possible research I can do is very broad. For example, I could focus my s...

For those that do research/model building at quant funds (i.e., not derivs quants), how important are languages like C/C++? Can you get away with just having R/Matlab in this kind of role, with the idea that proper implementation in C++ type languages will be done by developers?

<t>QuoteOriginally posted by: JimmiaoI will graduate in 2013 as a bachelor in Tsinghua University, China. Now I have received two offers. One is from a small Singapore quant hedge fund with 8 persons working there. The other is from WorldQuant in Beijing. Both are quantitative researcher assistant, ...

<t>QuoteOriginally posted by: iankAs far as I can tell, what you learn in academia seriously lags leading edge industry practice. For example, in an academic class on portfolio theory you will learn Markowitz mean-variance portfolio theory (so called "Modern Portfolio Theory" although this "modern" ...

<t>I want to know the typical background of people that do the model building/research in quantitative funds. The questions I'm hoping to answer are:- What percentage have PhDs on average?- Will they take on people that have demonstrated quantitative ability even if they don't have an educational ba...

<t>Suppose I want to establish that the correlation is positive or negative. What's the best correlation to use over financial asset returns? For example for some pairs of stocks the Pearson will give a positive and significant estimate but rank based procedures might give a negative and significant...

<t>Hi, I have a tutorial question that I need help with (completely stuck). It's as follows. Consider a binomial tree with one time step, from 0 to T. Up factor is u and down factor is d.At t=0, the stock is valued S, and the riskless asset is valued 1.At t=T, the stock is u*S in the up state and d*...

<t>Hi all,I'm completely competent with basic n-step binomial trees for the pricing of all sorts of Options contracts. I am wondering how to apply Binomial Trees to value a simple Forward contract. I can't find any examples or instructions on google which is why I'm inquiring. Consider a short forwa...

Surely you have worked examples that you can emulate? As in, do the worked examples without looking at the solutions, then if you get it wrong check the solutions?

For example, in my lecture slides, "The Shapre Index is sensitive to both depth and breadth". "The Taylor index is insensitive to breadth".Nowhere does it clarify what this jargon means. Thanks.