Fast-growing hedge fund hires Jump Trading veteran for burgeoning hardware team

Qube Research & Technologies' hiring spree has been a highlight of hedge fund hiring in 2024, with the firm adding staff in the hundreds. Qube's hardware division has benefitted from the growth, and has just made a high profile hire from Jump trading.

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Steven Perry has joined Qube as director of hardware engineering, based in London. He was most recently director of silicone engineering at Jump Trading, focused on implementing application-specific integrated circuits (ASICs), low latency silicone semiconductor devices. Prior to that, he was a systems architect focused on implementing field programmable gate arrays (FPGAs).

Perry has been out on gardening leave since last march, a 17-month absence. It's not clear whether or not Perry will go back to working with FPGAs (which are a part of Qube's tech stack), or carrying on the work he was doing with ASICs in a new setting. 

He's not the only hardware specialist to join in the past 12 months. Brás Patta, an FPGA specialist formerly of electronic trading firm Maven Securities, joined April as a quantitative technolgy developer. Mathias Herlev, an AVP and FPGA developer in equities at Barclays in Singapore, joined.

Qube's headcount is in the thousands now, but hardware specialists appear to only be in the tens. Incumbents in the division include Krzystof Jozwik, formerly a senior research hardware development engineer at Microsoft, who joined in the summer of 2022. Gareth Allwright joined a few months before from HFT firm Mako, where he was a senior FPGA engineer.

Hardware engineers have the potential to earn some decent money in hedge funds and trading firms. An FPGA engineer at Citadel Securities made $350k last year in salary alone, according to the H1B Visa salary database. 

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