OpenQuant Newsletter - Edition #121
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
📰 Jane Street Signs Hong Kong Central’s Biggest Lease in Decades | Jane Street has signed for six floors in a tower developed by Henderson Land Dev. in Hong Kong’s central business district, marking the biggest office deal in the area in decades.
📰 Ex-Man Group Money Manager Seeks $500 Million for Own Hedge Fund | Yves Blechner, a former portfolio manager at Man Group Plc, is preparing to start his own credit hedge fund to bet on high-yield markets.
Our Top Internships
✨ Aquatic Capital Management - Quantitative Researcher, Intern | a quantitative investment firm focused on building "the world's best prediction machine"
✨ Cohere - Machine Learning Intern | a company specializing in AI, particularly large language models (LLMs) for enterprise use cases.
Our Top Full-Time Positions
✨ Valkyrie Trading - Junior Derivatives Trader | a Chicago based trading firm building cutting edge technology for the financial markets.
✨ Wolverine Trading - Quantitative ML Researcher | a proprietary trading group engaged in market making and valuation arbitrage across global markets.
✨ Radix Trading - Quantitative Technologist | a research firm, powered by technology and monetized through trading.
✨ Schonfeld - Software Engineer | a global multi-manager platform that invests its capital with internal and partner portfolio managers.
Upcoming Events
📆 Citadel Associate Program | this program teaches equities investing skills to aspiring early career talent through classroom learning & on-the-desk rotations.
Educational Resources
🚀 [Quant Developer] HRT Intern Spotlight | software engineering projects by summer interns at Hudson River Trading.
🚀 [Quant Developer] Introducing OxCaml | an introduction to OxCaml - a fast-moving set of extensions to the OCaml programming language.
🚀 [Quant Trader] Efficiently Inefficient | a book that covers the key trading strategies used by hedge funds and demystifies the secret world of active investing.
Weekly Quant Puzzles
Question #1 - Probability
I give you a shuffled deck of 14 cards which contain exactly one card from each rank and a Joker. You win $100 if you flip over the King, Queen, & Jack but if at any point you have flipped over the Joker, the game ends and you win nothing.
How much would you be willing to play this game?
Quote of the Week
“We’re right 50.75 percent of the time . . . but we’re 100 percent right 50.75 percent of the time,” Mercer told a friend. “You can make billions that way.” - Gregory Zuckerman, The Man Who Solved the Market