A Well-Known Quant Firm Is Looking for Traders Who Want to Bet on Sports
- Susquehanna will wager on football, basketball from Dublin
- Firm’s founder Yass is a poker whizz who deploys statistics
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Susquehanna International Group has always embraced game theory, taking employees to baseball games and using poker as a tool for teaching its traders. Now the U.S. firm is betting that gambling on sports could be its next winning investment strategy.
Susquehanna has set up a unit at its Dublin office to wager on sports including basketball, American football, soccer and tennis. The business, called Nellie Analytics, has advertised to hire quantitative analysts and computer technicians. The team already includes an ex-Goldman Sachs Group Inc. convertible-bond trader as well as a former wine trader who’s also played professional poker.