AQR Arbitrage - 2027 Research Summer Analyst

AQR Capital Management; Greenwich (CT); On-site; USD 34,000 - 55,000; Full time

Job summary

AQR Arbitrage, part of AQR Capital Management in Greenwich, CT, is seeking an Arbitrage Research Summer Analyst to join our portfolio management team. You’ll participate in merger arbitrage, convertible arbitrage and event-driven ideas from research to trade ideas and risk management.

You will learn academic theory related to arbitrage, construct datasets, perform statistical analyses, and build tools to streamline portfolio management.

Qualifications

• Pursuing undergraduate or graduate degree; eligible for internship.
• Interest in arbitrage, event-driven strategies, and research.
• Strong programming skills; Python preferred.

Responsibilities

• Learn academic theory related to arbitrage and event-driven strategies.
• Construct datasets for novel investment strategy research.
• Perform statistical and economic analyses to test hypotheses.
• Build tools to streamline portfolio management processes.

Skills

Problem solving

Quantitative ability

Programming

Communication

Attention to detail

Self-motivation

Teamwork

Education

Undergraduate or Graduate student

Tools

Python

Job description

About AQR Capital Management

AQR is a global investment firm built at the intersection of financial theory and practical application. We strive to deliver concrete, long-term results by looking past market noise to identify and isolate the factors that matter most, and by developing ideas that stand up to rigorous testing. By putting theory into practice, we have become a leader in alternative strategies and an innovator in traditional portfolio management since 1998.

At AQR, our employees share a common spirit of academic excellence, intellectual honesty and an unwavering commitment to seeking the truth. We're determined to know what makes financial markets tick – and we'll ask every question and challenge every assumption. We recognize and respect the power of collaboration and believe transparency and openness to new ideas leads to innovation.

About AQR Arbitrage

AQR Arbitrage is an affiliate of AQR Capital Management, specializing in the research, development, and management of arbitrage and corporate event strategies. Since 2001, AQR Arbitrage has combined rigorous research and disciplined processes to deliver long-term value to clients. Co-founders Mark Mitchell and Todd Pulvino are pioneering researchers and former professors at the University of Chicago, Northwestern University, and Harvard University. Their published work has fundamentally shaped how scholars and practitioners understand arbitrage markets, corporate events, and market dislocations.

AQR Arbitrage focuses solely on research and portfolio management while leveraging AQR's infrastructure for all other investment management functions. Our team members contribute to a culture of excellence, intellectual curiosity, and collaborative innovation, rooted in continuous learning and wise stewardship. AQR Arbitrage operates from AQR headquarters in Greenwich, CT for seamless integration and idea exchange across the broader firm.

Your Role

AQR Arbitrage is looking for an exceptionally talented undergraduate or graduate student to join our team as an Arbitrage Research Summer Analyst. You'll work with our portfolio management team which is responsible for all aspects of managing various merger arbitrage, convertible arbitrage and event driven portfolios, from research to trade ideas and risk management.

As an Arbitrage Research Summer Analyst, you will:

• Learn academic theory related to arbitrage and event-driven strategies


• Construct unique datasets to be used in novel investment strategy research


• Perform statistical and economic analysis to test hypotheses and uncover insights


• Build tools to enhance and streamline portfolio management processes

What you’ll bring

• Strong problem solving, quantitative, and programming skills (Python preferred)


• Excellent communication skills and vigorous attention to detail


• Work ethic and eagerness to learn in a highly intellectual, collaborative environment


• Self-motivation with the ability to work independently and as part of a team


• Ability to multi-task and keep track of a variety of deadlines

AQR and AQR Arbitrage are Equal Opportunity Employers. EEO/VET/DISABILITY