OpenQuant Newsletter - Edition #120
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
📰 Quant Hedge Fund CFM Eyes Canada Expansion With Toronto Office | French quantitative hedge fund Capital Fund Management SA opened an office in Toronto to attract wealthy investors in Canada.
📰 AQR’s Cliff Asness Hails Return of ‘Basic Rational Investing’ | Years of speculative excess are giving way to healthier markets where fundamentals matter, boosting quant strategies across the board, according to AQR’s Cliff Asness.
Our Top Internships
✨ TransMarket Group - Quantitative Trader Intern | a global trading firm that utilizes technology to capture opportunities and manage risk in financial markets
✨ Bridgewater Associates - Investment Engineer Intern | a global investment management firm specializing in institutional portfolio management.
Our Top Full-Time Positions
✨ Balyasny Asset Management - Quantitative Researcher | a multi-strategy asset management firm providing consistent, uncorrelated returns in market environments
✨ Two Sigma - Quantitative Researcher: Machine Learning | a firm that uses advanced technology and data science to manage investments.
✨ TransMarket Group - Junior Quantitative Trader | a global trading firm that utilizes technology to capture opportunities and manage risk in financial markets
✨ TransMarket Group - Junior Algorithmic Trader | a global trading firm that utilizes technology to capture opportunities and manage risk in financial markets
Upcoming Events
📆 ICML 2025 | The International Conference on Machine Learning, a leading annual academic conference that focuses on ML, is hosting its next conference in July.
Educational Resources
🚀 [Quant Trader] The ETF Handbook | a comprehensive handbook for using Exchange Traded Funds and improving ETF profitability.
🚀 [Quant Developer] Comprehensive Rust | a free Rust course developed by the Android team at Google covering the full spectrum of the programming language.
🚀 [Quant Researcher] Quantitative Economics with Julia | a set of lectures on quantitative economic modeling using the Julia programming language.
Weekly Quant Puzzles
Question #1 - Discrete Math
There are six runners in the 100-yard dash. How many ways are there for three medals to be awarded if ties are possible?
(The runner or runners who finish with the fastest time receive gold medals, the runner or runners who finish with exactly one runner ahead receive silver medals, and the runner or runners who finish with exactly two runners ahead receive bronze medals.)
Quote of the Week
“You’ve got to guess at worst cases: No model will tell you that. My rule of thumb is double the worst that you have ever seen.” - Cliff Asness