{"id":14054,"date":"2024-05-29T21:55:05","date_gmt":"2024-05-29T21:55:05","guid":{"rendered":"https:\/\/www.simtrade.fr\/blog_simtrade\/?p=14054"},"modified":"2024-12-22T22:02:56","modified_gmt":"2024-12-22T22:02:56","slug":"experience-quantitative-investment-intern-fortune-sg-fund-management","status":"publish","type":"post","link":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-quantitative-investment-intern-fortune-sg-fund-management\/","title":{"rendered":"My experience as a Quantitative Investment Intern in Fortune Sg Fund Management"},"content":{"rendered":"\n

My experience as a Quantitative Investment Intern in Fortune Sg Fund Management<\/h1>\n\n\"Ziqian<\/a>\n\n

In this article, Ziqian ZONG<\/a> (ESSEC Business School, Global BBA exchange, 2024) shares her professional experience as a Quantitative Investment Intern in Fortune Sg Fund Management.<\/p>\n\n\n

About the company<\/h2>\n\n

Fortune Sg Fund Management is a leading mutual fund management company with over 300 billion RMB in assets under management as of 2023. The company was founded in 2003 as a joint venture between Baosteel Group and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale and has since grown to become a significant player in the Chinese market.<\/p>\n\n

Fortune Sg leverages the capital markets to provide comprehensive asset management solutions for a wide range of domestic and international investors through professional operations. The company upholds the principle of prioritizing client interests, striving to be a responsible and trustworthy firm worthy of long-term commitment from all parties involved. <\/p>\n\n

Logo of Fortune Sg
\n\"Logo<\/a>
\nSource: Fortune Sg.<\/p>\n\n\n\n

My internship<\/h2>\n\n

I joined the Quantitative Investment Department as an intern. This department primarily employs a multi-factor approach<\/a> to select high-quality stocks in the Chinese stock market. The main products offered by this department are fundamental quantitative fund and quantitative hedging fund.<\/p>\n\n\n

My missions<\/h3>\n\n

During my internship, I assisted the team with various programming and data analysis tasks. Furthermore, I undertook independent research project, including tracking the latest global trends in active quantitative funds and factor models, as well as developing a factor rotation-based index enhancement strategy. <\/p>\n\n\n

Required skills and knowledge<\/h3>\n\n

The role requires advanced programming skills, primarily using Python and SQL. Proficiency in these languages is essential for improving work efficiency. Additionally, due to the rapid development of quantitative finance, it is necessary to read the literature to stay updated on the latest trends and investment methods. Sometimes, programming and searching for effective alpha (the excess return on an investment relative to the return of a benchmark index) can be tedious tasks that require persistent patience and confidence. <\/p>\n\n\n

What I learned<\/h3>\n\n

During my internship, I gained extensive knowledge about factor investing and practical investment strategies. The integration of fundamental analysis with quantitative investment methods significantly enhanced the efficiency of traditional research. My research on factor timing allowed me to combine macroeconomic factors with market style shifts, using data to generate insights. <\/p>\n\n\n

Financial concepts related my internship<\/h2>\n\n

Factor Investing<\/h3>\n\n

Factor investing is an investment strategy that utilizes certain quantifiable characteristics or attributes, known as “factors,” to explain and predict the risk and return performance of assets. These factors help investors better understand the behavior of the market and individual assets, leading to the construction of more effective investment portfolios.<\/p>\n\n

The basic principle of factor investing is that certain factors have historically demonstrated a strong ability to explain and predict asset returns. By identifying and exploiting these factors, investors can achieve excess returns (known as “alpha”). <\/p>\n\n

Common factors include:
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