| Hedge Fund Analyst | A person who spends their day tracking the activities of people whose job they would have liked. |
| Quantitative Researcher | A person who can attach probabilities to future events by looking backwards. |
| Portfolio Manager | A person who has an enormous breadth of knowledge across a range of industries and is an expert in none of them. |
| Strategist | A person who spends their day looking down at global events from 25,000ft but never has to land to take an active decision themselves (see “ Journalist” and “Consultant”). |
| Head of Quantitative Solutions | A person qualified to Ph.D level who used to earn an annual bonus at a CTA. |
| Head of Risk | The person who stops portfolio managers earning a bonus. |
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