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Quantitative Researcher, Trader

Location:
New Delhi, Delhi, India
Posted:
November 29, 2017

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Resume:

AJINKYA JOSHI

ACADEMIC DETAILS

Year Degree / Exam Institute GPA/Marks B.Tech in Mathematics and Computing Indian Institute of Technology Delhi 7.502 2014 AISSCE Maa Bharti School, Kota 94.8%

**** *ISSE Kendriya Vidyalaya NTPC, Korba 10/10

SCHOLASTIC ACHIEVEMENTS

Publication : Joshi A., "Validity of French-Fama 5 Factor Model In Indian Markets", accepted in I.J.M. [I.f. 8.19] (2017) NISM : Awarded the Common Derivatives Certification by NISM; mandatory for trading derivatives in India (2017) WorldQuant : Achieved Gold medal in WorldQuant Global Challenge, offered research consultant position (2016) Summer Undergraduate Research Award : For qualitative research on Asset pricing models for equities (2016) CG PET : Secured Third rank in Chattisgarh Pre-Engineering Test, the state level engineering entrance exam (2014) KVPY : Conferred fellowship by Indian Institute of Science based on national aptitude test followed by interview (2014) INTERNSHIPS

Quantitative Research Intern, QuantAI Capital (EIS Global Pte. Ltd.) (May, 2017 - July, 2017) : Single-handedly developed an options trading strategy with a hit ratio of more than 85% and is being traded live Designed and back-tested alpha-generating models; explored trading ideas by analyzing market data Optimized a futures trend following strategy to increase its profitability and reduce drawdown & turnover Modelled an equity trading strategy based on lead-lag relationship between Nifty50 and its components Received "Pre-Placement Offer" from the company for commendable accomplishments within limited time frame Quantitative Research Consultant, WorldQuant India (July, 2016 - Present) : Developed 200+ risk adjusted alphas using fundamental ratios & technical analysis; capital deployed on alphas Studied and applied 50+ financial research papers on statistical arbitrage and mean reversion to improve alphas Created models with high sharpe & margins and low turnover & drawdown for US 3000 and EUR 1200 universe Selected for a pilot project amongst 500+ worldwide to improve quality of alphas by teaming up with consultants PROJECTS

Analyzing French-Fama Five Factor Model For Asset Pricing (May, 2016 - July, 2016) : Studied factors of Asset Pricing Models and checked their validity using multivariate regression for Indian markets Simulated the French-Fama five factor model for BSE-500 Index after accounting for survivorship bias for 15 years Achieved an R-squared of 95% and analyzed the relative influence of French-Fama factors in Indian equity markets Pair Trading using Machine Learning Methods (Aug, 2017 - Present) : Developed an equity pair trading strategy by modelling volatility of an asset using SVM and Neural Networks Aim to incorporate regime switching using principal component analysis in the alpha model to improve returns Background Segmentation of videos (Feb, 2017 - Mar, 2017) : Created application for real time segmentation of moving region in image sequences using K-means & EM algorithm Developed an adaptive tracking system to handle variation in lighting, moving objects and changes in background Training And Placement Portal (Apr, 2017 - Present) : Leading a team of 4 to build a new placement portal catering to 2000+ students and 300+ companies Conceptualized and designed login flow of the new portal based on Java Spring framework and SQL databases Strategized and executed the feature of push notifications to improve efficiency of the placement team and staff Developed a slotting software to schedule interviews based on candidate's preference on Day1 of placements EXTRA CURRICULAR ACTIVITIES

Social Internship : Home For The Angels, Kuala Lumpur, Malaysia (Nov, 2014 - Dec, 2014) : Led to an increase in intake of orphans by raising funds for the NGO; organized various outings for the children Integrated the feature of online donations on their website, resulted in increased donations from all over the world POSITIONS OF RESPONSIBILITY

Training And Placement Cell (Apr, 2015 - Apr, 2017) : Central Team Member: Led a team of volunteers to conduct placement for recruitment of all eligible students Devised a new team structure after comparing the placement statistics and teams of IIT Bombay & IIT Kharagpur Reformulated placement policies & cell functionalities to bring department teams under purview of central team Executive : Part of a team of 20 responsible for placement and internships of all eligible students Efficiently managed resources for logistics and manpower requirements at interview venues for 300+ companies IIT Delhi ranked 1 in placements by Outlook Express, 2016 with 500+ profiles and 100+ first time recruiters



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