Friday, September 28, 2012

We're Hiring: Macro Analyst (JUNIOR) Top Fund NYC

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Candidates MUST HAVE green card, US CITIZENSHIP, or valid current h1b with AT LEAST 3 YEARS LEFT.

Call or text 203-29-QUANT 203.297.8268 if you have any questions and are qualified for this role or others posted.

Please speak clearly if leaving a voicemail, and let me know the role you are applying for and if you have sent a resume or not. You may call or text at any time. All discussions and messages are fully confidential...

Email resume onto QuantRec @gmail.com & Quant at QuantRec dot com.

Goto http://www.QuantRec.com for updates on jobs, bookmark it!

Also include the best times to reach you over the near term (this week & or next week).

Candidates MEETING MOST OF the SPEC below will be contacted PROMPTLY.
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Macro Group seeks a investment analyst for its New York or other office.
  
The ideal candidate will have a quantitative bent and a familiarity with financial concepts, basic statistics, and asset pricing.  Familiarity with Excel and Bloomberg is preferred but not required. This role affords the opportunity to gain expertise in macro investing, to contribute as part of an established team, and to be directly exposed to investment decisions by collaborating with seasoned, senior members of the firm. 

Search Pointers: 
- 0 to 3 years of experience 

Wednesday, September 5, 2012

Facebook Pulling A Clever Trick On Investors

Facebook Pulling A Clever Trick On Investors

Shares edged higher this morning, following CEO Mark Zuckerberg‘s declaration that he won’t sell any shares for at least 12 months. Zuckerberg could not have expected more from the ploy.
Investors, however, should demand much more. For Facebook, this is less a decision to make new friends than a clever bit of foolery.
Here’s what that filing told us: Zuckerberg isn’t selling. Directors Marc Andreessen and Donald Graham will sell just enough to cover their tax bill. The stock will come under fresh—and fairly intense—selling pressure in coming months; Facebook will allow employees and early investors to cash out equity sooner than expected. “We are still talking about 800 million shares potentially coming to market in November, down from what could have been 1.2 billion, assuming Mark sold his full stake, ” says Evercore analyst Ken Sena, “ which I think few expected him to do.” And by withholding 101 million shares to cover tax bills, Facebook will, in effect, execute a stock buyback.

Tuesday, September 4, 2012

Here's What Republicans Said When They Rejected A Return To The Gold Standard 30 Years Ago

Here's What Republicans Said When They Rejected A Return To The Gold Standard 30 Years Ago

"People have been buzzing about  the recent announcement that the 2012 Republican Platform will include a commission to study returning to the gold standard.

Here's something we didn't know: Republicans already studied the idea, 30 years ago. And they rejected it."

DAR Stays Strong With Increased Corn Prices - CEO Interview $DAR

DAR Stays Strong With Increased Corn Prices - CEO Interview

We're Hiring: Junior Flex Developer (Top Financial Firm, NYC)

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Candidates MUST HAVE green card, US CITIZENSHIP, or valid current h1b with AT LEAST 3 YEARS LEFT.


Call or text 203-29-QUANT 203.297.8268 if you have any questions and are qualified for this role or others posted.

Please speak clearly if leaving a voicemail, and let me know the role you are applying for and if you have sent a resume or not. You may call or text at any time. All discussions and messages are fully confidential...

Email resume onto QuantRec @gmail.com & Quant at QuantRec dot com.

Goto http://www.QuantRec.com for updates on jobs, bookmark it!

Also include the best times to reach you over the near term (this week & or next week).

Candidates MEETING MOST OF the SPEC below will be contacted PROMPTLY.
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Associate Level, 3-10 yrs experience

80-125K base (depending on level of candidate), plus bonus


Job Description:

Flex developer to develop the front end to a risk management system
for fixed income trading.

Client would like to hire a developer who specializes in GUI
Development, ideally with Flex but they're open to considering GUI
Developers who work with GWT.

The current front-end to this system is developed in Swing and they
want to modernize with either Flex or GWT.

This position will focus on the front-end, however if person knows
Java they would also participate in server-side Java development -
this is a plus, not a requirement.

This person must also know at least basic SQL.

Client would prefer a developer with around 5 yrs experience, but
candidates anywhere in the 3-10 range will be considered.   Less than
3 and person is likely to be too junior and more than 10 and person is
likely to be over qualified.

Monday, September 3, 2012

Jenkins set to cut bad products

Jenkins set to cut bad products

"BARCLAYS could look to cut unprofitable business lines in its investment banking and other arms under a structural review planned by new boss Antony Jenkins.
The incoming chief executive has pledged to keep the investment bank intact and said he values the universal banking model.
But his background in commercial and retail banking means some analysts are concerned he could reduce the focus on the profitable investment banking unit.
Jenkins is launching a thorough internal review into each unit and product line in an effort to make the bank more efficient at a time when the increasing burden of regulation risks squeezing profits.
This could be a particular challenge as Jenkins told City A.M. he wants to implement potentially costly changes – like the ring-fencing of the retail and investment operations, and rising capital ratios – ahead of regulators’ targets.
The review will run in parallel with the Salz review into the behaviour and culture of staff at the bank, and will report in the first quarter of next year. Antony Salz’s review will report by the time of the annual general meeting in April.
It is not yet known who will replace Jenkins as head of retail and business banking, or whether Jerry del Missier will be replaced as chief operating officer, having resigned over the Libor scandal."

Was it a risky move by Barclays to appoint Antony Jenkins as its new chief executive?

Was it a risky move by Barclays to appoint Antony Jenkins as its new chief executive?

YES Erin Davis All in all, we're pleased with the appointment of Antony Jenkins but note that it is not without risk. Together, Walker and Jenkins project a credible and much-needed change in Barclays' corporate culture. In our opinion, former chief executive Bob Diamond's often brash demeanour exacerbated negative public and political sentiment towards the bank. Jenkins, with his roots in retail banking, is likely to scale back on investment banking and refocus the group on its retail and corporate banking businesses.

It is likely that Jenkins will lean heavily on lieutenants and on Walker's experience in investment banking as he gets to know the business. We'll watch for signs that he is having trouble managing the complex investment banking business, or for departures of key people, which could indicate a lack of confidence in Jenkins's leadership.

Erin Davis is a banking analyst at Morningstar.

NO Ralph Silva Barclays is going through the most challenging period in its history due to challenges in the investment banking operations. Having a leader that has a retail background provides a strategic realignment that will help Barclays. The bank needs its brand repaired and, in a universal banking model, brand perceptions are established on a retail level. Having a retail expert in charge provides Barclays with the quickest path to recovery. I don't believe an external chief executive would have been a good idea.

Barclays is a very old bank and has a unique, complex culture. An external candidate would take too long to acclimatise and time is paramount as the bank remains under intense pressure. Jenkins's priority must be to bring the litigation issues to an end and find a balance between retail and investment banking, which will be the starting point in rebuilding the bank.

Ralph Silva is a banking analyst at Silva Research Network.

Tuesday, August 28, 2012

Microsoft patent division taking boatloads of cash

Microsoft patent division taking  boatloads of cash

Microsoft has struck more than 700 licensing agreements since launching its IP program in December 2003, including at least five with Android vendors. Just last week, Microsoft announced Android agreements with Velocity Micro, General Dynamics and Onkyo Corp. Since Microsoft is making the announcements one by one, there could be more coming this week.
The biggest win, however, was a patent agreement struck last year with HTC, which has become one of the most successful smartphone vendors on the strength of its Android devices such as the Evo and Thunderbolt.
Microsoft reportedly receives $5 every time HTC sells an Android phone, leading some observers to conclude that Microsoft makes more money from Android than its own Windows Phone 7 platform.
Microsoft isn't done, either. After all, there are dozens of Android vendors. Motorola, another major Android device maker, is fighting Microsoft's patent infringement claims in court, but Microsoft recently received a ruling in its favor in the ongoing litigation, according to patent watcher Florian Mueller.
Microsoft is suing Barnes & Noble over the Android-based Nook, and has signed patent agreements with Samsung and LG, although it's not clear whether these agreements extend to Android, Mueller also notes.
Microsoft claims Motorola infringes on 21 patents, including 19 with Android, according to Mueller.
Microsoft's contentious relationship with Linux-based products goes back many years, of course, to CEO Steve Ballmer calling Linux a cancer in 2001 and a 2007 claim that Linux and other open source software violates 235 Microsoft patents.
The Android patent wars also extend a fierce rivalry with Google, with the two companies fighting on many fronts including search engines, operating systems, browsers, office software and of course, mobile devices.
Ironically, Google's Android is likely a bigger profit maker for Microsoft than Bing, which has failed to topple Google in the search market. Bing is part of Microsoft's Online Services division, which lost more than $700 million in the most recent quarter. Microsoft's Windows Phone revenue numbers haven't been revealed, but Android is well ahead of Microsoft in smartphone market share.
Microsoft has struck more than 700 licensing agreements since launching its IP program in December 2003, including at least five with Android vendors. Just last week, Microsoft announced Android agreements with Velocity Micro, General Dynamics and Onkyo Corp. Since Microsoft is making the announcements one by one, there could be more coming this week.
The biggest win, however, was a patent agreement struck last year with HTC, which has become one of the most successful smartphone vendors on the strength of its Android devices such as the Evo and Thunderbolt.
Microsoft reportedly receives $5 every time HTC sells an Android phone, leading some observers to conclude that Microsoft makes more money from Android than its own Windows Phone 7 platform.
Microsoft isn't done, either. After all, there are dozens of Android vendors. Motorola, another major Android device maker, is fighting Microsoft's patent infringement claims in court, but Microsoft recently received a ruling in its favor in the ongoing litigation, according to patent watcher Florian Mueller.
Microsoft is suing Barnes & Noble over the Android-based Nook, and has signed patent agreements with Samsung and LG, although it's not clear whether these agreements extend to Android, Mueller also notes.
Microsoft claims Motorola infringes on 21 patents, including 19 with Android, according to Mueller.
Microsoft's contentious relationship with Linux-based products goes back many years, of course, to CEO Steve Ballmer calling Linux a cancer in 2001 and a 2007 claim that Linux and other open source software violates 235 Microsoft patents.
The Android patent wars also extend a fierce rivalry with Google, with the two companies fighting on many fronts including search engines, operating systems, browsers, office software and of course, mobile devices.
Ironically, Google's Android is likely a bigger profit maker for Microsoft than Bing, which has failed to topple Google in the search market. Bing is part of Microsoft's Online Services division, which lost more than $700 million in the most recent quarter. Microsoft's Windows Phone revenue numbers haven't been revealed, but Android is well ahead of Microsoft in smartphone market share.

Thursday, August 23, 2012

Not enough cutting of HPQ over year targets today.

Next, HPQ is currently sitting on a pre-market deficit of 5.7%, due to its worst loss ever in last night's third-quarter showing. On the heels of this poorly received report, a group of analysts cut their price targets on HPQ. Among them were Barclays ($21 from $22), RBC ($25 from $27), Baird ($22 from $23), Jefferies ($17 from $21), Evercore Partners ($19 from $20), and FBN Securities ($22 from $25). The average 12-month price target for the stock sits at $25.73, which is a 34% premium to Wednesday's closing price of $19.20.

Household income is BELOW recession levels, report says

Household income is below recession levels, report says

Sounds like recovery is in effect, right?

From June 2009 to June 2012, inflation-adjusted median household income fell 4.8 percent to $50,964, according to a report bySentier Research, a firm headed by two former Census Bureau executives.
Incomes have dropped more since the beginning of the recovery than they did during the recession itself, when they declined 2.6 percent, according to the report, which analyzed data from the Census Bureau’s Current Population Survey. The recession, the most severe since the Great Depression, lasted from December 2007 to June 2009.
Overall, median income is 7.2 percent below its December 2007 level and 8.1 percent below where it stood in January 2000, which was at $55,470, according to the report.
The findings highlight the depth of the recession and the long road the nation has to traverse before it fully recovers. They also echo other reports detailing the financial carnage caused by recession.

Hewlett-Packard Shares—Cheap Is No Reason to Buy

Hewlett-Packard Shares CNBC —Cheap Is No Reason to Buy

That's what the trading community is saying this morning in the aftermath of Hewlett-Packard's disappointing report — PC sales down 10 percent?

Equities slump guts investment bank revenues: study

Equities slump guts investment bank revenues: study

Platinum/Palladium Better Pick Than ETF's - SWC

Platinum/Palladium Better Pick Than ETF's - SWC

HP’s Historic Loss: CAN Meg Whitman Save the PC Giant? CAN ANYONE?

HP’s Historic Loss: CAN Meg Whitman Save the PC Giant? CAN ANYONE?

$30 BILLION IN DEBT, Watch VIDEO!

HP (HPQ) reported its worst quarterly loss in its 73-year history Wednesday.
The PC-maker suffered an $8.9 billion loss in its fiscal third-quarter, or $4.49 a share. The hit to HP's bottom line was due in large part to an $8 billion write-off of its 2008 acquisition of Electronic Data Systems Corp. (EDS)
Excluding one-time charges, HP earned $2 billion in the quarter, down from $2.3 billion a year-ago amid a 5 percent drop in overall revenues to $29.7 billion.
The company's major PC business slowed in the quarter as sales dropped 10 percent from the previous year. Printer and notebook sales were down 23 percent and 12 percent, respectively.
HP's stock was down nearly 7 percent in early trading Thursday to $17.92.
While HP undergoes a major restructuring to offset declining PC sales and fend off growing competition from Asian PC makers, the company's newly minted CEO Meg Whitman remains "confident" HP can maneuver through its difficulties.

BHP Earnings, Fed Minutes Bolstering Gold

BHP Earnings, Fed Minutes Bolstering Gold

Adrian Ash, head of research at BullionVault, says the reaction to BHP's earnings and the FOMC minutes are creating a bullish base for gold.

H-P stock falls; analyst cites CEO comments

H-P stock falls; analyst cites CEO comments

Shares of Hewlett-Packard HPQ -6.41% fell about 6% early Thursday, the worst on the Dow Jones Industrial Average DJIA -0.53% after the company posted results that analysts say were "better-than-feared," but also signaled troubles ahead in the personal computer market. Analysts cited Wednesday's earnings call with company executives in which Chief Executive Meg Whitman said the PC market "remains weak and channel inventory is high across the industry. ... The reality is, we're locked in serious competitive battles but we're determined to win." RBC Capital analyst Amit Daryanani identified Lenovo as the main rival H-P was referring to, saying, "I believe the implication is they may sacrifice some margin degradation for PC share." With expected revenue and margin declines in PCs and printers, he added, "There is less clarity in understanding beyond cost savings what can sustain earnings per share higher on a year-over-basis." 

Wednesday, August 22, 2012

We're Hiring: Governance Lead (Enterprise Infrastructure, Top Financial Firm - NYC)

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Candidates MUST HAVE green card, US CITIZENSHIP, or valid current h1b with AT LEAST 3 YEARS LEFT.


Call or text 203-29-QUANT 203.297.8268 if you have any questions and are qualified for this role or others posted.

Please speak clearly if leaving a voicemail, and let me know the role you are applying for and if you have sent a resume or not. You may call or text at any time. All discussions and messages are fully confidential...

Email resume onto QuantRec @gmail.com & Quant at QuantRec dot com.

Goto http://www.QuantRec.com for updates on jobs, bookmark it!

Also include the best times to reach you over the near term (this week & or next week).

Candidates MEETING MOST OF the SPEC below will be contacted PROMPTLY.
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Governance Lead for Enterprise Infrastructure organization with broad responsibility for governing the enterprise architecture machines, in support of a leading global financial services firm.
The Governance Lead needs to create, manage, and evolved the office of the CTO governance machine.

The Governance Lead will need to create a set of machines for all governance processes across the office of the CTO, evolve the function, and incorporate feedback across MS technical groups into the design of the governance forums. To be successful the Governance Lead will need to work closely with other members of the office of the CTO, to build an effective set of KPIs across the domains, and be a change agent in driving to excellence, as well as highlighting areas of improvement.

The Governance Lead will lead governance committees which will assess the technical and functional requirements of the various lines of business and use this together with data on external industry trends, competitive positioning, and current capabilities of ’s infrastructure today to make decisions on technology investments

The Governance Lead will provide strong central oversight to deliver consistency and quality in with enterprise architecture standards, and technology roadmaps

The Governance Lead will be the primary authority within the office of the CTO on governance process creation, management, and holding responsible parties accountable to commitments arising out of governance decisions

The Governance Lead will build a set of KPIs, and reports that allow an accurate assessment of alignment to the goals of the office of the CTO. The Governance Lead is the responsible party to identify, and highlight divergences in processes, to the relevant responsible party, as well as within the office of the CTO

The Governance Lead needs to be able to visualize additional processes and socialize them as required to ensure that EI technology has the correct exposure and visibility within the office of the CTO.

The ideal candidate will have a deep governance background, with an understanding of the industry, and workflows in enterprise architecture groups.  Specifically the skills the Governance Lead must have include:

Financial Services Knowledge

The Governance Lead will need to build a high level working knowledge of the technical and functional needs of various lines of business within firm.

Leadership

As many components of the Governance Lead role will require collaboration across many organizations, the Governance Lead must have the appropriate leadership experience to assemble effective teams, set appropriate goals, and lead the teams to make balanced decisions for the firm.

Similarly the Governance Lead must be an effective change agent with the capability to motivate an organization to embrace new processes and approaches while not introducing unnecessary barrier to technology adoption

Communication

Strong written and oral communication skills will be important for this role as effective communication of our strategy to EI, the business units, regulators, and our vendors is critical to the success of the Governance Lead function.

A proven ability to communicate and collaborate effectively with senior leadership of the bank and external clients is a pre-requisite for the role.

Mandatory Requirements

A degree level or higher in Engineering, Computer Science or equivalent technology domain
10+ years experience with IT governance, with preference for IT infrastructure governance.

5+ years experience working in Financial Services with preference given to candidates with relevant experience in the primary industry verticals of .

We're Hiring: Innovation Lab Administrator (Top Financial Firm, NYC) - AVP Level

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Candidates MUST HAVE green card, US CITIZENSHIP, or valid current h1b with AT LEAST 3 YEARS LEFT.


Call or text 203-29-QUANT 203.297.8268 if you have any questions and are qualified for this role or others posted.

Please speak clearly if leaving a voicemail, and let me know the role you are applying for and if you have sent a resume or not. You may call or text at any time. All discussions and messages are fully confidential...

Email resume onto QuantRec @gmail.com & Quant at QuantRec dot com.

Goto http://www.QuantRec.com for updates on jobs, bookmark it!

Also include the best times to reach you over the near term (this week & or next week).

Candidates MEETING MOST OF the SPEC below will be contacted PROMPTLY.
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Innovation Lab Administrator (Top Financial Firm, NYC) - AVP Level

Position based in the Enterprise Infrastructure organization with responsibility for designing, scheduling, and implementing appropriate technology products and services to support a leading global financial services firm.
In this role, the Innovation Lab Administrator must: quickly recognize the operational and technical challenges associated with lab evolution, and have a strong systems level understanding of the commercial offerings, tools and systems engineering practices required.
To be successful the Innovation Lab Administrator must understand the current  infrastructure, and be able to build different environments in support of innovation candidates going through the Innovation Lab. This Knowledge must include software, network, and Server configuration know how.

The Innovation Lab Admin is the implementer of firm's Innovation Lab, under the guidance of the Innovation Lab Manager. The Innovation Lab Admin will work both with internal and external resources, to build technical environments, both in the Image lab, and in the ‘sand box’ environments.
Field and Modify lab environments in service of requests from the domains of Core computing; Personal Computing; Data; Instrumentation.
Knowledge of Unix, Linux, and Windows system administration as well as networking protocols
Install, maintain and support servers, including operating systems upgrades and patches

Participate in design and implementation of new services
Assist in the evaluation of new tools for supporting infrastructure innovation candidates
Maintain Innovation systems hardware and software inventory
Support of the business units using the Innovation Labs and system documentation
A degree level or higher in Engineering, Computer Science or equivalent technology domain
5+ years experience working with infrastructure technologies.  Experience with application development will also be considered a benefit for the role.
 Industry
3+years experience working in Financial Services with preference given to candidates with relevant experience in the primary industry verticals of firm.

We're Hiring: Innovation Lab Manager (Top Financial Firm, NYC) VP Level

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Candidates MUST HAVE green card, US CITIZENSHIP, or valid current h1b with AT LEAST 3 YEARS LEFT.


Call or text 203-29-QUANT 203.297.8268 if you have any questions and are qualified for this role or others posted.

Please speak clearly if leaving a voicemail, and let me know the role you are applying for and if you have sent a resume or not. You may call or text at any time. All discussions and messages are fully confidential...

Email resume onto QuantRec @gmail.com & Quant at QuantRec dot com.

Goto http://www.QuantRec.com for updates on jobs, bookmark it!

Also include the best times to reach you over the near term (this week & or next week).

Candidates MEETING MOST OF the SPEC below will be contacted PROMPTLY.
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Innovation Lab Manager

Enterprise Infrastructure organization with responsibility for creating, managing, evolving the Innovation labs, and selecting appropriate technology products and services to support a leading global financial services firm.
 In addition to tactical lab management duties, the Innovation Lab manager will also share accountability for delivering on the vision with peers from the business lines, other Enterprise Infrastructure divisions, and external 3rd parties. 

The Innovation Lab Manager will provide guidance for the evolution of the Labs in support in support of institutional and retail business.
In this role, the Innovation Lab Manager must: quickly recognize the operational and technical challenges associated with lab evolution, and have a strong systems level understanding of the commercial offerings, tools and systems engineering practices required. To be successful the Innovation Lab Manager must be able to define the roadmap for maturity, and evaluation of projects through the lab, Manage consolidation and management of existing labs, as well as manage financial aspects of Innovation projects to ensure agile selection of innovation candidates.

Strategy Development

The Innovation Lab manager is accountable to building a roadmap of current, migration strategy and future state in collaboration with the Head of infrastructure Innovation, that captures the technical requirements of business lines as well as data coming from industry, other domains within the CTO office, and capability of current infrastructure, that will allow the lab to effectively sieve innovation candidate architectures/products/vendor solutions

Visualize and implement a lab strategy by component, of current, migration plan, and future state including financial implications.
Responsible  for creation of project management framework used to orchestrate innovation candidates being evaluated, and produce KPI’s on the performance of the assessment process
Manage the day to day of labs – consolidating and restructuring the labs to be built and run as a collaboration across Tech & Data to accelerate innovation, test proofs of concepts and be the gateway into firm for every new technology; the labs will include an “image” set of labs that are close approximation image of firm's production environment and “sandbox” labs for innovative out of the box ideas.
Oversee the lab project activities aligning to the CIOs & CTO’s office build metrics, success measures, processes, methodologies, guiding principles, governance and communication plans and be accountable to the Head of Infrastructure Innovation.
Primary point of contact, and the responsible party to ensuring that innovation candidates move smoothly through the lab, with a clear process of engaging lab services.
Management of resources utilizing the labs - in internal labs, external technical units, as well as vendors will be coordinated by the Innovation Lab Manager

Develop and maintain in depth understanding of firm Technologies and CTO office Enterprise Architecture road maps as well as what it means to the evolution of the Innovation Lab

The Innovation Lab Manager role requires a deep understanding of the domains of Core Computing, Personal Computing, Data, and Instrumentation, and how they would affect Lab Design
The Innovation Lab Manager should have vast experience in innovation, lab management, data center design and vendor relationships.
Financial Services Knowledge
The Innovation Lab Manager will need a working knowledge of the technical and functional needs of various lines of business within firm (or be able to quickly build one).
An up to date understanding of the capabilities the industry can offer the firm is critical to the role.  This must include an understanding of the services offerings in addition to the technical offerings.
As many components of Innovation Lab Manager role will require collaboration across many organizations, the Innovation Lab Manager must have the appropriate leadership experience to collaborate with external, internal, and vendor resources.

Strong written and oral communication skills will be important for this role.
A proven ability to communicate and collaborate effectively with senior leadership of the bank and external clients is a pre-requisite for the role.

Technical
A degree level or higher in Engineering, Computer Science or equivalent technology domain
10+ years experience working with infrastructure technologies.  Experience with application development will also be considered a benefit for the role.
 Industry
5+years experience working in Financial Services with preference given to candidates with relevant experience in the primary industry verticals of firm