OpenQuant Newsletter - Edition #103
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
📰 Alp Ercil to Shut His $3 Billion Hedge Fund, Open Family Office | Alp Ercil is closing his $3 billion flagship hedge fund (Asia Research & Capital Management) after a money-making 14-year run, and will convert his firm into a family office.
📰 Citadel Nears Deal to Shrink, Move Chicago Office | More than two and a half years after Citadel uprooted its headquarters from Chicago, the hedge fund is poised to slash its office footprint in the city and move out of its namesake Loop tower.
Our Top Internships
✨ Farallon Capital Management - Software Intern | a firm that invests in public and private assets around the world.
✨ AQR - 2025 Research Product Intern | a global investment management firm that focuses on research-driven strategies to help clients achieve long-term results.
✨ Magnetar - Quantitative Analyst Intern | an alternative asset management firm that invests in a variety of strategies, including fixed income, healthcare, and venture.
Our Top Full-Time Positions
✨ Weiss Asset Management - Quantitative Developer | a firm creating proprietary investment strategies to deliver high risk-adjusted returns to our investors.
✨ Hudson River Trading - Quantitative Researcher | a multi-asset class quantitative trading firm that provides liquidity on global markets.
✨ Maven Securities - Execution Trader | a proprietary trading firm, allocating internal capital between discretionary, systematic and market-making strategies.
✨ Bridgewater Associates - Investment Engineer | a premier asset management firm, focused on delivering unique insight and partnership.
Upcoming Events
📆 Jane Street Women+ Virtual Info Session | get to know the trading desk operations engineer role at Jane Street.
📆 University of North Carolina, Chapel Hill: Two Sigma Quant Research Coffee Chat | meet with a Two Sigma quant researcher for a coffee chat.
Educational Resources
🚀 [Quant Researcher] Active Portfolio Management | a book covering a quantitative approach for producing superior returns and controlling risk.
🚀 [Quant Researcher] Deep Dive into LLMs like ChatGPT | a deep dive into the LLM AI technology that powers ChatGPT and related products.
🚀 [Quant Developer] Zero To Production In Rust | an introduction to backend development using the Rust programming language.
Weekly Quant Puzzles
Question #1 - Brainteaser
At an ice cream parlor you are presented with 10 toppings to choose from. How many different combinations of ice cream can you create with those 10 toppings? Assume that you must choose at least 1 topping.
Quote of the Week
“One can predict the course of a comet more easily than one can predict the course of Citigroup’s stock. The attractiveness, of course, is that you can make more money successfully predicting a stock than you can a comet.” - Jim Simons