By The Street Scout, LLC Team

In 2026 the top 10 hedge funds are running elevated investment research hiring compared with the sharply reduced activity of 2023 and early 2024. Multi-manager platforms including Millennium, Citadel, Two Sigma, and D.E. Shaw have increased research, data science, and quant headcount to support pod expansion and AI-enhanced workflows, producing noticeably more openings than the prior two years. Activist and concentrated value funds such as Elliott, Appaloosa, Baupost, and Lone Pine continue more selective hiring focused on high-conviction roles but still show steady demand above the 2023–2024 trough. Overall research-related hiring across the group has risen with strong 2025 performance and allocator inflows, although AI tools are allowing firms to scale analytical capacity without proportional growth in headcount.   Here are highlighted current investment research opportunities at each of the top 10 largest hedge funds. Details include location, key responsibilities, and compensation ranges. 

Millennium Management
Position: Data Scientist – Investment Team
City: New York, NY
Responsibilities: Work directly with investment pods to analyze data, build predictive models, and deliver actionable insights from traditional and alternative datasets.
Compensation: $250k–$450k+ total comp.

Citadel
Position: Quantitative Researcher – Equity Quantitative Research
City: New York, NY / Greenwich, CT
Responsibilities: Develop quantitative models, research equity trading signals, backtest strategies, and support data-driven portfolio decisions.
Compensation: $300k–$500k+ total comp.

D.E. Shaw
Position: Fundamental Research Analyst
City: New York, NY
Responsibilities: Conduct company and sector research, build financial models, prepare investment materials, and support senior analysts and portfolio managers.
Compensation: $250k–$400k+ total comp (intern-to-full-time track available).

Two Sigma
Position: Fundamental Equity Research Analyst
City: New York, NY
Responsibilities: Perform in-depth fundamental analysis, construct models, generate investment ideas, and present recommendations to portfolio managers.
Compensation: $250k–$400k+ total comp.

Elliott Management
Position: Equity Research Analyst – Event-Driven
City: New York, NY
Responsibilities: Deliver deep fundamental and event-driven research on target companies, model scenarios, and support activist campaign strategy.
Compensation: $300k–$550k+ total comp.

Appaloosa Management
Position: Fundamental Research Analyst – Value Focus
City: New York, NY
Responsibilities: Conduct detailed company and industry research, build models, and identify high-conviction long-term investment ideas.
Compensation: $280k–$500k+ total comp.

Baupost Group
Position: Research Analyst – Special Situations
City: Boston, MA / New York, NY
Responsibilities: Perform thorough fundamental research and modeling on undervalued or complex situations for concentrated, long-term investments.
Compensation: $300k–$600k+ total comp.

Tiger Global Management
Position: Technology Sector Research Analyst
City: New York, NY
Responsibilities: Analyze growth-stage technology companies, perform due diligence, build models, and develop investment theses.
Compensation: $250k–$450k+ total comp.

Coatue Management
Position: Technology Investment Research Analyst
City: New York, NY
Responsibilities: Conduct sector-specific tech research, financial modeling, competitive analysis, and idea generation for portfolio managers.
Compensation: $280k–$500k+ total comp.

Lone Pine Capital
Position: Equity Research Analyst – Concentrated Long/Short
City: Greenwich, CT / New York, NY
Responsibilities: Drive high-conviction fundamental research, modeling, and idea development across sectors for the concentrated portfolio.
Compensation: $300k–$550k+ total comp.

Comparison
Multi-manager platforms are actively expanding research capacity through pod growth and quant support roles. Activist and concentrated value funds maintain more targeted hiring focused on high-conviction ideas.

2026 Outlook
Hiring remains strong and selective. Demand is highest for candidates who combine traditional fundamental analysis with data, modeling, or quant skills. Opportunities are expected to stay robust through year-end and into 2027 as platforms scale and allocators increase exposure.