Discover your dream Career
For Recruiters
A viral post has stirred heated debate

Who's the mystery Chinese quant making $23m?

If you’re making a lot of money, you’re probably going to shout about it. When you’re making over $23m, those shouts are going to come with a lot of doubts.

One anonymous hedge fund quant, rumoured to have made over $2B for their firm, has released a chart that they claim shows their yearly earnings for the past five years, visible below. The alleged numbers (shown below in US$) beggar belief:

The post has gone viral across Xiaohongshu, a Chines messaging site, and has now made it to 1point3acres, a forum popular with Chinese quants in Chicago and the Bay Area. In the Mandarin text accompanying the chart, the quant says he's made "a figure that I never could have imagined" and that the figures in the chart are taken from the company's own website but he doesn't care if he's found out.

It all sounds pretty good, right? Maybe too good to be true. Responding to the post, industry insiders say they're not convinced that the numbers could be that high given the widely known shrinking of trading volumes in the last year. Another said that if they were as proficient as the numbers suggest, they should be running their own firm rather than being a mere mid-level quant.

Where can you earn that kind of money? An anonymous tells us the consensus is that the quant is from either Jump Trading or Two Sigma, with majority opinion leaning towards the latter. We asked Two Sigma; they declined to comment.

Needless to say, at both firms, salary alone won't earn you $23.5m. At Two Sigma, the highest paid individual on a H1B visa joined on a salary of $2m last year, but that was an outlier - most H1B visa hires were hired on salaries of $250k or less. At Jump, typical salaries for quant developers or quant researchers on H1Bs were $170k. 

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters and find a career in technology and finance.

Have a confidential story, tip, or comment you’d like to share? Contact: alex.mcmurray@efinancialcareers.com in the first instance. 

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo by Heather Wilde on Unsplash

author-card-avatar
AUTHORAlex McMurray Editor

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Jobs
Capstone Investment Advisors (UK) LLP
2023 Investment Graduate Rotation Program
Capstone Investment Advisors (UK) LLP
London, United Kingdom
Pearse Partners
Hedge Fund Equity L/S Analyst
Pearse Partners
London, United Kingdom
Python Quantitative Developer
New York, United States
JK Barnes
Quantitative Researcher
JK Barnes
London, United Kingdom
ParagonAlpha
Quantitative Macro Analyst
ParagonAlpha
London, United Kingdom