Winton Group, the London-based hedge fund created by billionaire quantum investor David Harding, is looking for specialist crypto expertise.
The firm, which was founded by Harding in 2007, posted a job posting on LinkedIn in August for a crypto quant researcher to “support the development of our systematic crypto trading strategies.”
The successful candidate will sit in Winton’s Investment Management and Research group and be responsible for signal analysis and research on the crypto markets, portfolio construction for trading strategies, as well as reports and analytics, the announcement says.
Winton, who reportedly oversaw $8 billion in assets at the start of this year, declined to comment on the job posting when contacted by Financial News.
The company’s search for dedicated crypto expertise comes amid the rapid expansion of digital assets among hedge funds around the world.
According to a PwC report released in June, more than a third of traditional hedge funds are now investing in digital assets, nearly double the figure from a year ago.
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Of traditional hedge funds surveyed by PwC, 38% said they invest in digital assets, up from 21% a year ago. Meanwhile, the number of specialized crypto hedge funds is estimated at 300 globally, with the number of new funds launched accelerating over the past two years.
PwC research suggests that most traditional hedge funds are just dipping their toes into crypto, with 57% having less than 1% of their total assets invested in the space. However, 67% said they intend to deploy more capital in the asset class by the end of 2022.
Bitcoin was traded by 86% of hedge funds surveyed by PwC, with the other most popular cryptos listed as ether, solana and polkadot.
What about other hedge funds?
Other big-name hedge funds have sought to make a foray into crypto.
According to a report by blockages in July citing two sources familiar with the matter.
Meanwhile, Brevan Howard has raised over $1 billion from institutional investors for its digital asset-focused flagship vehicle, according to reports.
Launched in September 2021, BH Digital has grown to over 60 people, with its team supported by more than 20 external blockchain engineers, according to its website.
Despite a slump in the crypto market, the number of finance jobs requiring industry knowledge continues to grow.
JPMorgan has 16 live job openings that require knowledge of blockchain or cryptography. Citigroup has 11, while rating agency Moody’s has 12, according to data from Indeed.
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To contact the author of this story with comments or news, email David Ricketts