Compute Markets: Fundamental Researcher

Cumberland; Greater London; On-site; GBP 91,000 - 144,000; Full time

Job summary

DRW is seeking a Fundamental Researcher to develop investment views on compute markets and related infrastructure. You will analyze compute supply/demand, interpret macro forces, and translate these into actionable investment recommendations for a compute derivatives strategy.

You will collaborate with a quantitative researcher, test model assumptions, and build sector expertise quickly while assessing credit, commodities or semiconductor inputs for risk and opportunity.

Qualifications

• 5 to 7 years of fundamental investment research experience in credit, commodities or semiconductors.
• Strong financial modeling skills and cash flow understanding.
• Quantitative fluency to engage with pricing models and test assumptions.
• Familiarity with derivatives such as forwards or swaps.
• Clear written and verbal communication; independent thinker.

Responsibilities

• Develop macro and fundamental views on compute markets.
• Translate pricing into investment views and assess demand vs fundamentals.
• Validate pricing assumptions with market data and inputs.
• Build research models linking drivers to pricing and outcomes.
• Present recommendations to Portfolio Manager and Investment Committee.
• Develop industry contacts and data sources across hardware and data centers.

Skills

Fundamental research

Financial modeling

Cash flow analysis

Pricing models

Derivative basics

Independent thinking

Communication skills

Tools

Pricing tools

Job description

DRW is seeking a Fundamental Researcher to develop investment views on compute markets and related infrastructure. You will analyze compute supply/demand, interpret macro forces, and translate these into actionable investment recommendations for a compute derivatives strategy.

You will collaborate with a quantitative researcher, test model assumptions, and build sector expertise quickly while assessing credit, commodities or semiconductor inputs for risk and opportunity.