Fundamental Researcher - Compute Markets
DRW , London
The role
- DRW is seeking a Fundamental Researcher to develop investment views on compute markets and the infrastructure that supports them. You will research the economics of compute supply and demand, form views on the macro forces shaping the market, and translate them into investment recommendations for a compute derivatives strategy.
- You will work alongside a quantitative researcher who owns the pricing models. Your contribution is an independent, fundamental perspective: understanding the models well enough to test their assumptions against what is happening in the market, and flagging when the market has moved ahead of them.
- This is a founding seat on a small investment team. We are particularly interested in candidates with credit, commodities or semiconductor research experience who can apply rigorous analysis of cash flows, capacity, contracts and downside risk to a market that is still taking shape. We do not expect deep prior experience in compute. We expect strong analytical foundations and the curiosity to build sector expertise quickly.