Magnetar Capital
Engineering · Evanston, United States
About Magnetar
Magnetar is a leading global alternative asset manager with over $18.6B AUM as of September 30, 2024. We are based in Evanston, IL—just north of Chicago and easily accessible by the “L”—with additional offices in New York, London and Menlo Park, CA.
Grounded in two decades of investing experience, we aim to generate consistent performance for our investors by identifying differentiated investment opportunities and building scalable businesses across our core strategies: Alternative Credit and Fixed Income, Healthcare, Systematic Investing and Venture.
This year, we proudly celebrate our 20th anniversary—a testament to our legacy of innovation, expertise and commitment to our clients and team.
Magnetar employees are among the best in the business at what they do. Our employees thrive on intellectual curiosity, collaboration and identifying creative solutions to complex problems. Our team is made up of highly skilled, passionate professionals who care deeply about delivering results for our investors, our firm and one another. We are proud to foster an inclusive, welcoming environment that empowers each employee to succeed.
At Magnetar, our commitment to our employees matches our dedication to our work. We offer top-tier benefits including comprehensive health, dental and vision insurance, a 401k match, competitive paid time off, wellness programs, daily lunches, and professional development through Magnetar University. We are also passionate about giving back, supporting financial education and community engagement through our Foundation and various volunteer initiatives.
We hope you’ll consider joining us as you explore a career at Magnetar!
Position Overview
As a Quantitative Analyst summer intern, you will be immersed in financial market research to guide trading decisions and analyze risk. You will work closely with researchers and portfolio managers to solve mathematical, empirical, and coding problems. Potential projects include modeling complex credit instruments, portfolio optimization, investigating novel data sources, testing quantitative signals, enhancing systems for back testing and trading, and deploying risk models.
Qualifications
The hourly compensation range for this position is $30-40 USD/hour.
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
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https://www.magnetar.com/content/ccpa-disclosure-notice
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
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Magnetar Capital
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Focused on delivering positive outcomes for our investors, Magnetar generates tomorrow's diversifying return streams by challenging today's investment norms. Explore our approach.