Page 6 - CCFA Journal - Fifth Issue

加中金融
中國量化基金開出 30 萬美元高價 與華爾街爭奪高材畢業生
China Hedge Funds Pay $300,000 to Beat Wall Street to Best Graduates
彭博社新闻 Bloomberg News
Garen Zhou 學的是計算機專業，因為疫情推遲了赴美深造，於
是申請去中國互聯網巨頭當實習生。
最後這位北大畢業生選擇了九坤投資。這家管理著 80 億美元資
產的本土對沖基金，為頂尖大學畢業生開出高達 30 萬美元的年
薪。一年後，Zhou 成為正式員工，放棄去約翰霍普金斯大學鍍
金。
「在學知識和財務回報方面，留在這裡工作的好處遠遠超過去
美國留學，」23 歲的 Zhou 說。
對於在人工智能和計算機科學領域的高材生，九坤投資等公司
給出的年薪，三倍於華爾街給應屆畢業生提供的 10 萬美元薪資，
說明在疫情的推動下，再加上新興市場財富的成長，全球金融
行業的招聘格局發生了轉變。中國一些最優秀的人才選擇留在
國內，而不是渴望去美國深造，然後獲得跨國公司的工作機會
甚至留在美國。
使用計算機模型進行交易的基金對畢業生需求尤為旺盛。據中
信債券估算，與四年前相比，中國這類基金的資產管理規模是
四年前的 10 倍，超過 1 萬億元人民幣（1,550 億美元）。
但量化基金也在與字節跳動、阿里巴巴等互聯網巨頭以及與橋
水、Citadel LP 等全球對沖基金搶人才。隨著中美將技術優勢作
為重要的國家層面目標，向研究和創新以及數據安全加大支持，
人才爭奪戰甚至超越了商業。
今年 39 歲的九坤投資創始人王琛表示，對於他們來說，儘早發
現人才非常重要，因為一旦這些高材生出國留學，會有更多選
擇，公司將不得不與跨國公司競爭。他還表示，與幾年前相比，
高材生們加盟的意願增加了很多。
深造
很多人去國外尋求深造，過去十年去美國攻讀計算機科學學位
的中國學生數量穩步上升。如今由於疫情出行受限，像九坤投
資這樣的公司也調整了招聘策略，提供一年期的實習機會。
到目前為止，這種策略起了作用。九坤投資招來很多人才，這
既與疫情有關，而中國的科技行業正在進行整頓也是因素之一。
與公司成立之初相比，今年的申請數量成長了五倍，達到 300
多份。
CCFA JOURNAL OF FINANCE
Page 6 第6页
就业前景 Job Market
When computing major Garen Zhou deferred his studies in the U.S.
because of the pandemic, he applied for internships at China’s
biggest internet companies.
In the end, the Peking University graduate chose Ubiquant, a local
hedge fund managing $8 billion of assets which is offering top
college leavers like Ph.D.s annual salaries of as much as $300,000.
After a year, Zhou became a permanent employee, giving up his
enrollment at Johns Hopkins University.
“The benefits of staying in this job far outweigh those of studying in
the U.S. both in terms of knowledge and financial return,” said 23-
year-old Zhou.
For elite students in artificial intelligence and computer science,
companies like Ubiquant offer triple the $100,000 sticker price for
freshly minted college graduates on Wall Street, illustrating a shift
in global financial hiring driven by the pandemic and rising emerging
market wealth. Rather than aspire to an education in the U.S. that
often leads to opportunities at global companies or even staying in
America, some of the nation’s best and brightest are choosing to
stay home.
Graduates are in particular demand at funds which use computer
models to trade, which have been lifted by inflows from rich
individuals in the world’s second-biggest economy. Assets at such
funds in China have jumped tenfold compared with four years ago
to exceed 1 trillion yuan ($155 billion), according to Citic Securities
Co. estimates.
But quant funds are also competing for hires with internet titans
from TikTok owner ByteDance to Alibaba Group Holding Ltd., and
global hedge funds including Bridgewater Associates LP and Citadel
LP. The battle for talent even transcends business as China and the
U.S. make technological superiority important national objectives,
channeling increasing amount of support toward research and
innovation, as well as data security.
“It’s very important for us to identify talent early on, because once
they go abroad to study, they’ll have more options and we’ll have to
compete with global companies,” said Wang Chen, 39, founder of
Beijing-based Ubiquant. “Their willingness to join has increased
quite a lot compared with a few years ago.”
Elite Education
Seeking an elite education abroad is a well trodden path, and the
number of Chinese students pursuing computer science degrees in
the U.S. has steadily risen in the past decade. Now with more
students deferring their studies as the global pandemic restricts
travel, companies like Ubiquant have adjusted their hiring strategy
by offering one-year internships.
So far that tactic is working. Ubiquant has seen an influx of talent,
partly due to Covid-19 and also because a humbled tech industry in
China is grappling with regulatory change. Applications have jumped
six times this year to more than 300 compared with when the
company was founded.
October 2021