Students, interns and juniors at investment banks are all talking about one high-paying hedge fund. : While many people still love the idea of working for a hedge fund, the industry has lost a bit of panache in recent years as dozens of big-name firms have closed their doors due to poor performance. However, many quant funds that rely more on algorithms than human traders seem to be doing just fine. One possible reason is that they are offering huge pay packages to poach blue-chip junior talent away from investment banks and tech firms.