I used to work for G-Research. You do not want to work for G-Research.
PdP personally verbally abused me. I'm not the only one, he is a truly unlikeable person and has a very short temper.
I've witnessed him break up conversations because he thought some useful nugget might spread from one person to another, even when neither person had anything to do with alpha generation.
I've met people who told me they have literally no friends at work because they are afraid to speak to people.
Nobody I worked with, including the main guys who know how things work, are happy. I interviewed several of them at other firms, and they all describe a toxic environment. Even guys who are owed millions in deferred pay simply come in and are miserable there, mostly because they don't know whether they'll actually get paid or PdP will make up some excuse to pay them less.
You won't learn anything there either. The strategies are... not particularly interesting. You'd have come across the same stuff at any firm. The paranoia also serves to make people think they are unique little quant butterflies who are the only ones to discover factor investing. Interviews with people leaving the firm suggest returns are quite mediocre. Also your skills will atrophy there, it's not good for you to work under constant suspicion.
In addition anything that's decent ends up in a private fund that only an inner circle are allowed to invest in.
If you're in the quant recruitment pool in London, you will undoubtedly have been suggested G-Research as your next job. It's a bit of a goldmine for the recruitment agents, who nearly all have them as clients. Many of them will admit to you why that is.
I have no doubts that the guy in the article is entirely innocent. He's a smart guy. You don't get on the podium at Cambridge Maths without being quite good. He would understand, much like anyone in quant, that it's not the code itself that is valuable. It's the process of understanding it that is valuable. Having the code might save you some time, but obviously it's not worth the hassle to try to copy it when you know how paranoid management is. There's no doubt everything you do on the company systems is secured and logged.
And why is he being sued? He's being bullied by a wealthy bully who may soon be the PM's brother-in-law.
PdP personally verbally abused me. I'm not the only one, he is a truly unlikeable person and has a very short temper.
I've witnessed him break up conversations because he thought some useful nugget might spread from one person to another, even when neither person had anything to do with alpha generation.
I've met people who told me they have literally no friends at work because they are afraid to speak to people.
Nobody I worked with, including the main guys who know how things work, are happy. I interviewed several of them at other firms, and they all describe a toxic environment. Even guys who are owed millions in deferred pay simply come in and are miserable there, mostly because they don't know whether they'll actually get paid or PdP will make up some excuse to pay them less.
You won't learn anything there either. The strategies are... not particularly interesting. You'd have come across the same stuff at any firm. The paranoia also serves to make people think they are unique little quant butterflies who are the only ones to discover factor investing. Interviews with people leaving the firm suggest returns are quite mediocre. Also your skills will atrophy there, it's not good for you to work under constant suspicion.
In addition anything that's decent ends up in a private fund that only an inner circle are allowed to invest in.
If you're in the quant recruitment pool in London, you will undoubtedly have been suggested G-Research as your next job. It's a bit of a goldmine for the recruitment agents, who nearly all have them as clients. Many of them will admit to you why that is.
I have no doubts that the guy in the article is entirely innocent. He's a smart guy. You don't get on the podium at Cambridge Maths without being quite good. He would understand, much like anyone in quant, that it's not the code itself that is valuable. It's the process of understanding it that is valuable. Having the code might save you some time, but obviously it's not worth the hassle to try to copy it when you know how paranoid management is. There's no doubt everything you do on the company systems is secured and logged.
And why is he being sued? He's being bullied by a wealthy bully who may soon be the PM's brother-in-law.