OpenQuant Newsletter - Edition #119
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
📰 China Hedge Fund Buying April Dip Extends Decade Gain to 1,485% | Evolution Asset Management, a firm that bought the dip in April when China’s stocks plunged on fresh US tariffs, has jumped 20% this year, extending its total return to 1,485%.
📰 Evercore’s Emanuel: Not Really the Time to Add to Risk | Julian Emanuel, director of equity, derivatives & quant strategy at Evercore, says investors need to “sort of step back” following a court ruling on President Donald Trump’s tariff policy.
Our Top Internships
✨ GSA Capital Partners - Software Developer, Intern | an investment firm focusing on systematic trading across equity, futures, and foreign exchange markets.
✨ GSA Capital Partners - Quantitative Researcher, Intern | an investment firm focusing on systematic trading across equity, futures, and foreign exchange markets.
Our Top Full-Time Positions
✨ Engineers Gate - Quantamental Analyst | a quantitative investment company focused on computer-driven trading in global financial markets.
✨ Bridgewater Associates - Macroeconomic Research Associate | a global asset management firm and hedge fund known for its institutional portfolio management.
✨ Virtu Financial - Options Quantitative Strategist | a leading fintech and services company that leverages cutting-edge technology to deliver liquidity to global markets.
✨ Optiver - C++ Software Engineer | a proprietary trading firm and market maker for various exchange-listed financial instruments.
Upcoming Events
📆 6/10 - Jane Street NYC Women+ Dinner | Jane Street is hosting a dinner in NYC! Female-identifying students of all backgrounds and tenures are encouraged to register.
Educational Resources
🚀 [Quant Researcher] Mathematics for Machine Learning | mathematical foundations and their applications to machine learning.
🚀 [Quant Trader] Beat the Dealer: A Winning Strategy for the Game of 21 | the first book to prove mathematically that blackjack could be beaten by card counting.
🚀 [Quant Developer] Building Tools for Traders | a podcast with an engineer who writes high-performance tools for a small set of experts on Jane Street’s options desk.
Weekly Quant Puzzles
Question #1 - Probability
Suppose you roll a fair 6-sided die until you've seen all 6 faces. What is the probability you won't see an odd numbered face until you have seen all even numbered faces?
Quote of the Week
"Diversifying well is the most important thing you need to do in order to invest well." - Ray Dalio