Data Scientists Making Millions Vie With Fund Managers Over Pay

Portfolio managers at hedge funds have another thing to worry about: the $2 million data scientist. Matt Ober, who left WorldQuant for Third Point, will be paid more than $2 million by Dan Loeb’s hedge fund, according to a breach of contract claim filed by his former employer. Ober, 32, who starts next month as Third Point’s chief data scientist, said in a filing that he will be paid a base salary of $200,000, the same as WorldQuant gave him, plus bonuses, and disputed that $2 million in compensation is guaranteed. Loeb is joining other boldface hedge fund names in developing big data and quantitative investing to boost returns. Scientists and coders who mine, clean and model information are in high demand after being relegated for years to back office…


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