Investing
Hedge Funds Paying Up to $1 Million for Weather Modelers
Hedge funds on average hired 23% more weather experts in 2024 compared to a year earlier.
Photographer: Michael A. McCoy/BloombergThis article is for subscribers only.
When Alex Goldstein was just 7 years old, he says, he was drawn to extreme weather. Within 10 years, he convinced his father to take him storm chasing and hasn’t stopped since.
Now, at 35, he leads a small group of data scientists and meteorologists who help teams of traders at one of the world’s largest hedge funds position themselves in commodities markets.