Friday, October 19, 2018

AQR Capital to hire 150 Highly-skilled Techies in Bengaluru


AQR Capital Management said it would hire nearly 150 highly skilled tech professionals including data scientists and quantitative engineers in Bengaluru over the next couple of years.

The US-headquartered firm, which manages multiple client-focused portfolios and invests in public equity and other instruments globally, looks to strengthen its portfolio management using the technology innovation in Bengaluru.

AQR’s assets under management stood at $226 billion as on September 30.

The company announced the launch of its engineering centre and said: “the Bengaluru team will collaborate closely with its US engineering group on the development of technology central to AQR’s research, portfolio management and trading systems”.

The Bengaluru office will be led by Chrys Kattirisetti, India Country Head, AQR.

While it will hire nearly 15 people over the next two months of this year; AQR will ramp up hiring early next year.

“We will be hiring from Indian Institute of Technology next year onwards. 40% of the total hire would be freshers. We believe engaging Bangalore’s top technology talent will fuel our ability to further develop the cutting-edge technology that underpins our investment processes,” said Neal Pawar, chief technology officer, AQR.

The company said its Bengaluru team would focus on developing and enhancing solutions primarily on a cloud-based platform, including trading systems, data and visualization tools, portfolio analytics, and micro-services to support a variety of front office platforms.

AQR will conduct specific coding tests to figure out the strength of professionals and expects the prospective employees to be hands-on in such areas.

Pawar said 10-15% of its technology work is outsourced to a Pune-based Indian IT services company, but the team at Bengaluru office would focus on proprietary technology development.