OpenQuant Newsletter - Edition #113
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
📰 UK’s Richest Trader Adds Billions to Wealth on XTX Results | XTX Markets founder Alex Gerko is bolstering his status as Britain’s richest trader, leading a recent charge of self-made finance billionaires breaking into the nation’s ultra-wealthy elite.
📰 Man Group Assets Drop by $5.6 Billion in April Tariff Chaos | Man Group’s assets under management fell by ~$5.6 billion in the first half of April as the market turmoil unleashed by tariff plans impacted performance according to Bloomberg.
Our Top Internships
✨ Bridgewater Associates - Investment Engineer Intern 2026 | one of the largest, most successful hedge funds of all-time, founded in 1975.
✨ Harris Oakmark - Investment Research Internship - Summer 2026 | a Chicago-based investment company with a focus on value-investing.
✨ Causeway Capital Management - Graduate Quantitative Research Intern | a investment management firm specializing in equity strategies that span the globe.
Our Top Full-Time Positions
✨ Bridgewater Associates - Investment Engineer | one of the largest, most successful hedge funds of all-time, founded in 1975,
✨ Renaissance Technologies - Research Scientist | an American hedge fund and investment management firm known for its quantitative trading strategies.
✨ Valkyrie Trading - Junior Derivatives Trader | a firm formed in Chicago with the intent of embracing trading opportunities and technology in a modern marketplace.
✨ Edgehog Trading - Junior Quantitative Trader | a proprietary trading firm specialized in electronic option market making.
Upcoming Events
📆 Akuna Capital - Trading Sneak Peak Reaching Women+ | a crash course on the exciting world of options from Akuna Capital.
Educational Resources
🚀 [Quant Trading] Max Dama on Automated Trading | a guide on all aspects of quantitative trading from a researcher at Headlands Technologies.
🚀 [Quant Researcher] The Elements of Statistical Learning | a book that describes the important ideas in a variety of fields in a common statistical framework.
🚀 [Quant Developer] Advent of Hardcaml | an article about solving Advent of Code using Hardcaml, an open-source Hardware Description Language inside of OCaml.
Weekly Quant Puzzles
Question #1 - Probability
If we define a straight to be 5 cards with consecutive rank, not all sharing the same suit, what is the probability of being dealt a straight in a 5-card poker hand from a standard deck of cards?
Quote of the Week
“If you look at Citadel today, that's really - the founding principle of the firm is a real pursuit of talent, a pursuit of people who have a passion for finance, and a pursuit of individuals who make good decisions day in and day out.” - Kenneth Griffin