Prediction market traders eye up to $260,000 salaries at hedge funds
AQR Capital Management is joining the rush of financial heavyweights into event-based markets
Hedge funds and proprietary trading firms are floating salaries of up to $260,000 to build out prediction markets desks, as an event-betting craze sparks a battle for talent among institutional adopters.
Cliff Asness’ AQR Capital Management is the latest US trading giant to set up a prediction markets unit, with the hedge fund currently hiring for a vice-president to build quantitative models to trade around professional sports.