OpenQuant Newsletter - Edition #102
Quant News, Jobs & Internships, Upcoming Events, Puzzles and More!
Hello, fellow Quants!
Welcome to the OpenQuant newsletter - a publication dedicated to democratizing quantitative finance by sharing the latest news, jobs & internships, educational opportunities, and upcoming events in the industry.
Here’s what we have in this week’s edition:
Quant News - catch up on what’s happening around the quant industry.
Quant Jobs - discover the latest internships/jobs to land your next quant role.
Upcoming Events - find community events to meet fellow quants.
Educational Resources - latest research papers & courses to learn quant concepts.
Quant Puzzle - keep your interview skills sharp with a weekly brainteaser.
News Headlines
📰 Chinese Quant Built DeepSeek In The Shadow Of a Hedge Fund Rout | Quant hedge fund, High-Flyer, built a 100 billion yuan portfolio using AI to make investment decisions, and in 2023 built DeepSeek which has now taken the tech industry by storm.
📰 Ariel Investments Starts New Fund to Tap Into Women’s Sports | Ariel Investments, a Chicago-based firm that manages $13.8 billion, is starting a new fund to buy up holdings in women’s sports.
Our Top Internships
✨ TransMarket Group -DevOps/SRE Intern | a privately held global markets proprietary trading firm that uses next-generation technology.
✨ Arcadian Asset Management - Software Engineer Co-Op | an investment company that uses quantitative analysis and tech to help clients achieve their investment goals.
✨ Jump Trading - Quantitative Trader Intern | a proprietary trading firm that uses algorithmic and high-frequency trading strategies.
✨ Schonfeld - 2025 Applied Technology Summer Intern | a global multi-manager platform investing capital with Internal and Partner portfolio managers.
Our Top Full-Time Positions
✨ Guggenheim Partners - Quantitative Analyst | a global investment and advisory firm that provides services in asset management, investment banking, and insurance.
✨ Citadel - Quantitative Research Analyst | we drive capital to the world's most impactful and compelling investments.
✨ Susquehanna International Group - Quantitative Systematic Trader | a global quantitative trading firm with a passion for game theory and probabilistic thinking.
✨ Hudson River Trading - Algo Developer | a multi-asset class quantitative trading firm that provides liquidity on global markets and directly to our clients.
Upcoming Events
📆 Point72 - Spring 2025 National Case Competition | showcase your investing skills by presenting a stock pitch to Point72.
Educational Resources
🚀 [Quant Researcher] Machine Learning for Asset Managers | a book to introduce ML tools that can help asset managers discover economic and financial theories.
🚀 [Quant Trader] OpenQuant Game Room | practice fast-paced mental math and brain games for you next Quant interview.
🚀 [Quant Developer] How we Accidentally Built a Better Build System for OCaml | an article by Jane Street on the history of build systems for OCaml.
Weekly Quant Puzzles
Question #1 - Probability
You take a standard shuffled deck of cards and keep flipping cards over until the first ace appears, which is card #14. What's the probability the next card is the king of hearts?
Quote of the Week
“Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have – or don’t have – in their portfolio.” - Nassim Nicholas Taleb