The rise of the "quants"

[brendan]

Gabriel Hammond, 28, is a founding partner of Alerian Capital Management, a hedge fund. The fund now manages US$300 million out of offices in New York and Dallas, and Mr. Hammond, 28, enjoys seven-figure payouts.

http://www.nytimes.com/2007/09/16/business/16mba.html?partner=rssnyt&emc=rss&pagewanted=all

[AppleXY]

lol. Quants beat Actuaries anyday. It's a such a fascinating job using mathematical financial (espically Black-scholes model) techniques for financial markets (derivatives). It's also a very demanding job.

It's just so hard to be Quant -- the level of skill required is substantial. (you literally need like Ahmad-like skill LOL).

EDIT: ZOMG, ITS PURE PROGRAMMING AND FINANCIAL MATH. EXCITING. 

[brendan]

(espically Black-scholes model)

I have four words for you:
Long Term Capital Management

[AppleXY]

(espically Black-scholes model)

I have four words for you:
Long Term Capital Management

That hedge fund... well, things happen (yeah may amount in billions of dollars of losses )

Go Scholes and Myron anyways.