Millionaire hedge fund CEO says he mainly hires people with no background in finance and once hiked a worker's pay so he could call him at 1 a.m. | The Markets Café
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
Wednesday, July 2, 2025
No Result
View All Result
Subscribe
  • Login
The Markets Café
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • VideosHOT
  • Community
  • Charts
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • VideosHOT
  • Community
  • Charts
No Result
View All Result
The Markets Café
No Result
View All Result
  • News
  • Politics
  • Markets
  • Crypto
  • Economy
  • Finance
  • Forex
  • Investing
  • Tech
  • Videos
  • Community
Home Finance

Millionaire hedge fund CEO says he mainly hires people with no background in finance and once hiked a worker’s pay so he could call him at 1 a.m.

by Press Room
September 19, 2023
in Finance
98 5
A A
0
21
SHARES
687
VIEWS
FacebookTwitter
  • A hedge fund boss says he mainly hires people with no background in finance.
  • Peter Brown also said he once offered a worker a pay rise in the early morning hours.
  • Brown discussed his unusual hiring and retention strategies on a Goldman Sachs podcast.

LoadingSomething is loading.

Thanks for signing up!

Access your favorite topics in a personalized feed while you’re on the go.

The CEO of investment management firm Renaissance Technologies has said that when it came to hiring, he almost exclusively employed people with no background in finance.

Peter Brown was speaking on an episode of the podcast “Exchanges at Goldman Sachs.”

He said he found it easier to teach “mathematicians about the markets than it is to teach mathematics and programming to people who know about the markets.”

He added the approach was different to some of Renaissance’s competitors as the company tended to avoid hiring people who had been at other finance firms.

When it came to applicants, Brown said he looked for math and programming ability, as well as a strong work ethic and desire to work in a collegial environment.

The finance industry is still a huge draw for young graduates. This is particularly true for Gen Zers, who are more inclined to work in the finance industry than in previous years, research published by the CFA Institute in June found.

During the podcast discussion, Brown also said he gave an employee a pay rise so he could call him in the early morning hours.

Brown said he was working late at night with a colleague, whom he named only by his first name, and needed an answer from another employee.

He said: “It was around 1 o’clock in the morning and I picked up the phone to call him. And Jim says to me, “Wait. You can’t call this guy in the middle of the night. He doesn’t make enough money.” So, I said, “Fine. How about this? I’ll call him. I’ll tell him we’re going to give him a raise. And then ask him our question.”

“And so, that’s what we did.”

Brown added that he often contacted employees late at night and sometimes slept in the office.

“I’m just one of those types who can’t sleep. Not by choice,” he said. “I often am on the computer by around 2 a.m. And it’s true, I tend to send a lot of emails out in the middle of the night.”

Representatives for Brown did not immediately respond to Insider’s request for comment, made outside normal working hours.

Read the full article here

Related Articles

Finance

‘I’m deeply disturbed’: My portfolio fell 20%. Do I sell my stocks and buy gold?

March 6, 2025
Finance

Kevin Spacey’s former Baltimore condo listed for almost $6 million

March 6, 2025
Finance

‘It’s fun and it’s happy’: Beauty mogul Laura Geller on creating a sanctuary

March 6, 2025
Finance

Jane Fonda: A Hollywood legend with some fascinating property purchases

March 5, 2025
Finance

Americans are racing to prep for tariffs, but many aren’t ready — especially this group

March 4, 2025
Finance

Revenge of the killer tomato tariffs

March 4, 2025

About Us

The Markets Café

The Markets Cafe is your one stope Finance, Politics and bussines news website, follow us to get the latest news and updates from around the world.

Sections

  • Commodities
  • Crypto Markets
  • Crypto News
  • DeFi
  • Economy
  • Explained
  • Finance
  • Forex
  • Futures
  • Investing
  • Markets
  • News
  • NFT
  • Politics
  • Real Estate
  • Stocks
  • Tech
  • Videos

Site Links

  • Contact
  • Advertise
  • DMCA
  • Submit Article
  • Forum
  • Site info
  • Newsletter

Newsletter

THE MOST IMPORTANT FINANCE NEWS AND EVENTS OF THE DAY

Subscribe to our mailing list to receives daily updates direct to your inbox!

  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

© 2022 The Markets Café - All rights reserved.

No Result
View All Result
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • Videos
  • Community
  • Charts

© 2022 The Markets Café - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.