The Winton Group, a London-based hedge fund that was established by the billionaire quant investor David Harding, is currently on the lookout for cryptocurrency industry specialists, which may be interpreted as a hint that the fund will join other significant investors seeking to establish a foothold in the rapidly expanding market for digital assets.
The company, which was established by Harding in 2007, advertised for a crypto quant researcher to “support the development of our crypto systematic trading strategies” on LinkedIn in August, according to a report by Financial News London on September 7.
Winton was looking for someone to join its investment management and research team to do research and analysis on crypto market signals, build crypto trading strategy portfolios, and compile and analyze relevant data.
Hedge funds seeking crypto expertise
Interestingly, the firm is looking for committed crypto expertise at a time when hedge funds all around the world are rapidly expanding their holdings in digital assets.
According to a report that was just released by PwC in June, more than one-third of conventional hedge funds are now investing in digital assets. This number is nearly twice as high as it was one year ago.
It is believed that there are already more than 300 specialized crypto hedge funds operating throughout the world, and the rate at which new funds have been established has accelerated over the previous two years.
The cryptocurrency market may be in a bear market, but the number of jobs in the financial industry that need an understanding of the sector is continuing to rise.
There are currently 16 open positions at JPMorgan (NYSE: JPM) that need applicants to have prior experience with blockchain technology or cryptocurrency. According to the statistics provided by Indeed, Citigroup (NYSE: C) has 11, while the rating organization Moody’s has 12.