Emplois actuels liés à Internship - Macro regime timing for market neutral long/short equity strategies - Rue de l'Université Paris France - Capital Fund Management
-
LLM & Financial Markets - Internship
il y a 1 jour
Rue de l'Université, Paris, France Capital Fund Management Temps pleinABOUT CFMFounded in 1991, we are a global quantitative and systematic asset management firm applying a scientific approach to finance to develop alternative investment strategies that create value for our clients.We value innovation, dedication, collaboration, and the ability to make an impact. Together, we create a stimulating environment for talented and...
-
Portfolio Manager
il y a 3 semaines
Paris, France CW Talent Solutions Temps pleinPortfolio Manager - Quantitative Equity Strategies CW Talent Solutions is seeking elite Portfolio Managers for a leading quantitative equity hedge fund in Paris. Our client is one of the world’s top multi-strategy platforms, specializing in cutting-edge quantitative research and trading technology.Requirements:Minimum of five years of experience in...
-
Paris, Île-de-France Citi Temps pleinYou are ready to bring your knowledge from the classroom to the boardroom; and Citi wants to help you get there. Whether it's honing your skills or building your network; we know that success cannot come without growth. Our programs equip you with the knowledge and training you need to play a valuable role on your team. We provide you with the knowledge and...
-
Capital Markets Off Cycle Internship Programme 2025
il y a 7 jours
Paris, France Barclays Temps plein**Off-Cycle Internship Overview** Join us on an Off-Cycle Internship for 3-6 months working within our Investment Banking, Markets, Corporate Banking or Quantitative Analytics business areas. Immerse yourself in our work and culture and gain invaluable insights into life as a Full-time Analyst with this longer internship. **Why join the Capital Markets...
-
Internship - Equity Research Analyst
il y a 7 jours
Paris, France Kepler Cheuvreux Temps plein**Department**: Equity Research - **Duration**: 6 months - **Start Date**:January 2025 - **Location**:Paris - **Salary**: As per Kepler Cheuvreux' s policy **KEPLER CHEUVREUX**: Kepler Cheuvreux is a leading independent European financial services company that specialises in Research, Execution, Fixed Income and Credit, Structured Solutions, Corporate...
-
Internship - Equity Research Analyst
il y a 2 semaines
Paris, France Kepler Cheuvreux Temps plein**Department**: Equity Research - **Duration**: 6 months - **Start Date**:June 2025 - **Location**:Paris - **Salary**: As per Kepler Cheuvreux' s policy **KEPLER CHEUVREUX**: Kepler Cheuvreux is a leading independent European financial services company that specialises in Research, Execution, Fixed Income and Credit, Structured Solutions, Corporate Finance,...
-
Internship - Trading & Sales Trading
il y a 3 jours
Paris, France Kepler Cheuvreux Temps plein**Department**: Equity - **Duration**: 2 to 4 months - **Start Date**:Summer internship - **Location**:Paris - **Salary**: As per Kepler Cheuvreux' s policy **KEPLER CHEUVREUX**: Kepler Cheuvreux is a leading independent European financial services company. The group leverages its research expertise in the following business lines: equities, debt and...
-
3A Product Internship
il y a 2 semaines
Paris, France Murex Temps pleinMurex is a global fintech leader in trading, risk management and processing solutions for capital markets. Operating from our 19 offices, 3 000 Murexians from over 60 different nationalities ensure the development, implementation and support of our platform which is used by banks, asset managers, corporations and utilities, across the world. Join Murex and...
-
Paris, Île-de-France Natixis Temps pleinCompany DescriptionNatixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.Our teams of experts in close to 30...
-
Internship - 6 Months - Corporate Broking & Equity Syndicate (Ecm)
il y a 1 semaine
Paris, France Natixis Temps plein**Company Description**: Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide. Our teams of experts in close to...
Internship - Macro regime timing for market neutral long/short equity strategies
il y a 2 semaines
Founded in 1991, we are a global quantitative and systematic asset management firm applying a scientific approach to finance to develop alternative investment strategies that create value for our clients.
We value innovation, dedication, collaboration, and the ability to make an impact. Together, we create a stimulating environment for talented and passionate experts in research, technology, and business to explore new ideas and challenge existing assumptions.
Internship teaser: Macro‑regime timing for market‑neutral long/short equity strategies
ObjectiveBuild a coherent, practical framework to condition equity market‑neutral L/S factor and fundamentals‑based strategies on macro regimes. The project consolidates a scattered literature, replicates core findings, and tests robust regime‑detection methods. It will also explore linear and non‑linear ML approaches to combine macro indicators into stable allocation tilts rather than brittle on/off switches.
Why nowEvidence suggests macro states (volatility, funding/liquidity, growth, inflation/real rates, policy uncertainty, market drawdowns/rebounds) materially shape the risk and crash profiles of L/S factors such as value, momentum, quality/profitability, low risk/BAB, size, investment/asset growth, and stat‑arb. Yet results are dispersed across asset classes, samples, and definitions, making replication and robust implementation non‑trivial.
Workplan- Literature mapping and replication
- Consolidate key strands and replicate results on volatility scaling, funding/liquidity sensitivity, momentum crash states, business‑cycle, inflation/real‑rate, and uncertainty regimes.
- Deliver a reproducible compendium of factor constructions and macro‑conditioning tests using release‑timestamped macro data.
- Robust regime detection and testing
- Define regime sets (e.g., growth, inflation/real rates, financial conditions/liquidity, volatility, market drawdown/rebound, etc).
- Employ simple thresholds, clustering and other statistical techniques with strict out‑of‑sample evaluation, multiple‑testing controls, and real‑time data vintages.
- ML combination of indicators
- Explore linear and non‑linear models (regularized regression, tree/boosting, shallow nets, reservoir computing) to combine macro signals, with stability/interpretability constraints and cross‑validated hyperparameters.
- Compare against simple baselines; emphasize robustness, turnover control, and economic plausibility.
Illustrative references (non‑exhaustive; examples highlight the field's fragmentation)
- Volatility and momentum crash management: Moreira & Muir (2017); Barroso & Santa‑Clara (2015); Daniel & Moskowitz
- Funding/liquidity and intermediaries: Brunnermeier & Pedersen (2009); Pástor & Stambaugh (2003); Adrian, Etula & Muir (2014); Khandani & Lo (2007/2011).
- Business cycle: Petkova & Zhang (2005); Stivers & Sun (various).
- Inflation/real rates: Lettau & Wachter (2007); AQR notes on value vs. rates/inflation.
- Policy/macro uncertainty: Baker, Bloom & Davis
- Cautions on timing and testing: Asness/Ilmanen/Israel (AQR); Goyal & Welch (2008); Harvey, Liu & Zhu
Data and engineering CRSP/Compustat or global equivalents for L/S staregies; FRED/ALFRED, ISM, BLS/BEA, ICE BofA OAS, VIX/MOVE, NFCI for macro; codebase in Python.
EQUAL OPPORTUNITIES STATEMENTWe are continuously striving to be an equal opportunity employer and we prohibit any discrimination based on sex, disability, origin, sexual orientation, gender identity, age, race, or religion. We believe that our diversity, breadth of experience, and multiple points of view are among the leading factors in our success.
CFM is a signatory of the Women Empowerment Principles.
Follow us on Twitter or LinkedIn or visit our website to find out more about CFM.
