QuantRec.com

Thursday, October 4, 2012

We're Hiring: Front-end Web Developer w/ some Java Top Financial NYC

Front-end Web Developer w/ some Java

Financial Firm/ NYC

100-125K Base, +bonus

Associate Level, 3-10 yrs experience

Summary:

Position is for an experienced Front-End Web / UI Developer proficient in JavaScript, jQuery, EXTJS, JSP, HTML. This person will also participate in server-side Java development and SQL Programming. The more server-side development the better but client will consider strong front-end web developers with any server side Java experience. Position will focus on development of various asset and private wealth management applications. Person will interact directly with business users for requirements gathering, therefore must have strong interpersonal skills.
Description:

Investment Management Technology group is looking for a Front End Web Developer for one of our client facing teams. Our clients manage funds of hedge funds or private placement funds. The role will require solid technical skills and strong interpersonal skills. The current applications assist the Sales Team to raise AUM, provide Financial Analysts with timely information, and assist operations with the client take on process. The developer will interact closely with end-users and work in a team environment to enhance these various applications and be involved in all phases of the software development lifecycle.

Skills Required:
- JSP, HTML, Spring, JavaScript, Ajax, JQuery, EXTJS
- Some Server Side Java programming skills (along with Spring and Hibernate knowledge)
- Strong communication skills to interact with both business users as well as IT colleagues at various levels of seniority.
- Database development skills - preferably Sybase
- Ability to multitask and quickly respond to critical issues and changes in requirements.

We're Hiring: Database Developer/Performance Engineer (Sybase and/or DB2) Top Financial NYC - Associate 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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Database Developer/Performance Engineer (Sybase and/or DB2)

Financial Firm / NYC (Downtown)

Associate Level, 100-125K base +bonus

Summary: Sybase Database Developer with strong Optimization and Tuning Skills. Must know Sybase Internals, eg: memory analysis. Must have experience with large Databases. DB2 experience is a plus but not required. Job will focus on Database Development and Tuning, but will also involve Administration. This is senior team member level position and 100% hands-on; 5-10 yrs experience would be ideal. Some financial industry experience is required.

Job Description:

The Database Performance Engineer is required to support the database tasks associated with multiple financial systems. This is a high priority, high visibility initiative tasked with conducting Capacity studies for 63 of the firm's most critical applications over a two year time period. There is also a significant amount of effort conducting performance studies of other high visibility financial applications which are experiencing difficulties in the production environment.

Required Skills:

The position requires a hands-on database technologist with database administration and development experience. Support tasks will include database set-up and support for the various QA, Performance and Capacity database environments. Also required is experience in SQL development and performance tuning. Good communications (written/verbal) are needed. The candidate should have the following background.
• Minimum 3-5 years experience in the database development lifecycle
• Minimum 5 years experience in design, development and support of large Data Warehousing and Business Intelligence related database applications.
• Internals knowledge of SYBASE is required and desired for DB2 LUW.
• Must have extensive SYBASE performance tuning and monitoring experience and could be less so with DB2
• Excellent skills in building and configuring an application in the High Performance Lab which would parallel the production environment as closely as possible. This would include the database, MQ, ETL engine, disk configuration, web and application servers.
• Strong SQL skills including the ability to rewrite complex queries for performance improvement
• Ability to architect databases, including capacity, memory, data sizing and disk layouts.
• At least 3 years of supporting financial applications.
• Must possess good written and verbal communication skills.
• Ability to prioritize, multitask and work with remote teams.

Desired Skills:

• Familiarity with an ETL product such as Informatica.
• Familarity with MQ
• Perl or other scripting language

Tuesday, October 2, 2012

We're Hiring: Junior Software Developer (Must Speak Spanish) Top Financial NYC

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

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?

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.

Friday, August 24, 2012

The current stock price of H.P. “indicates a company that is bankrupt in six years,”

The current stock price of H.P. “indicates a company that is bankrupt in six years,” said Amit Daryanani of RBC Capital Markets. While he did not think that projection is really prophetic, he thinks a breakup will at some point become possible. “A couple more quarters like Wednesday, and you have to ask if it’s better to split up the company so some of the smaller companies can prosper.”

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

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."