Foundations.
Twelve weeks online. A credible first place inside a proprietary trading firm, paired with an analyst, researcher, or trader — a supervised research engagement, run across one academic term.
The work
Each student develops one investment strategy with the supervisor. The supervisor frames the question at the start and reviews the work in writing at intervals; the student does the reading, the modelling, and the writing across the twelve weeks. The work follows the discipline a junior researcher would use inside the firm — restrained in scope, careful in its reasoning, written under the student's own name.
By the end of the twelve weeks, the student has written an investment memo — a position, the reasoning behind it, and the work that supports it — and received written feedback from the supervisor on each section. The memo is the deliverable; the investment-committee review comes with the Fellowship, and the incubator position with the Advanced Fellowship.
What the student leaves with
- A defined market question.
- An introductory investment memo, under the student's own name.
- Written supervisor feedback.
- Work that is unmistakably their own.
Who it is for
Advanced secondary students with quantitative aptitude and an interest in markets. Familiarity with statistics is helpful; programming experience in Python is useful but not required.
Supervisor
An analyst, researcher, or trader at the firm. Each student is matched to a supervisor whose area of work fits the student's strategy.
Application
Foundations is admitted by written submission and a thirty-minute conversation with a supervisor. The submission is a five-hundred-word response to a published prompt. Test scores are read; letters of recommendation are not considered.