OpenQuant Newsletter - Edition #109
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
📰 JPMorgan Quant-Cloning Factory Churns Out $100 Billion of Trades | A JPMorgan quant unit has amassed a $100 billion derivatives-powered trading book, offering hedge fund-like investing on the cheap to investors of all stripes.
📰 Balysany Asset Management Expands to Stamford Offices | The hedge fund has secured a 10,464-square-foot office lease in Stamford, CT following an ongoing trend of financial services firms expanding to the region.
Our Top Internships
✨ Voloridge Investment Management - Quantitative Research Intern 2026 | a quantitative and systematic investment firm using advanced data science and math.
✨ Voloridge Investment Management - Software Engineer Intern 2026 | a quantitative and systematic investment firm using advanced data science and math.
✨ Blockhouse - Full Stack Developer Intern | a startup building predictive analytics and execution algorithms that allow traders to dynamically optimize order routing.
Our Top Full-Time Positions
✨ The Voleon Group - Member of Research Staff | a quantitative hedge fund, specializing in applying ML to financial prediction and investment management.
✨ Arrowstreet Capital - Associate, Quantitative Developer | an investment management firm that uses research and technology to manage global investments.
✨ Macquarie Group - Senior Quantitative Analyst | a global financial services group operating in asset management, retail and business banking.
✨ Bridgewater Associates - Senior Backend Engineer (AI) | a premier asset management firm, focused on delivering unique insight and partnership.
Upcoming Events
📆 WorldQuant BRAIN's International Quant Championship | a competition designed to identify and engage top quant talent globally.
📆 Point72 Stanford PhD Coffee Chats and Networking Dinner | Point72 will be hosting coffee chats and a networking dinner on April 24th at Stanford for PhDs.
Educational Resources
🚀 [Quant Trader] OpenQuant Game Room | a collection of free mental math and brain games designed to help you ace your next Quant trader interview.
🚀 [Quant Researcher] Finding Signal in the Noise: ML and the Markets | a Jane Street podcast on the boundaries between trading, research, and engineering.
🚀 [Quant Developer] A Decision Maker's Guide to Typed Functional Languages | an overview of the advantages gained by using typed functional programming languages.
Weekly Quant Puzzles
Question #1 - Statistics
Assume that you are taking samples of size s from a population. For each sample, let p represent the probability that every point in that sample is an inlier and let e represent the proportion of points in the sample that are outliers. Derive an equation in terms of s, p and e, to calculate the number of samples (N) needed in order to be 99% confident that there it at least one sample drawn that contains no outliers.
Quote of the Week
“The key to money management. It's making a lot of money when you're right and minimizing it when you're wrong” - Stanley Druckenmiller