OpenQuant Newsletter - Edition #126
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
📰 Hedge Fund Man Group Cuts Jobs, Elevates Greg Bond to New CIO Role | Man Group cut jobs for the second time in a year and reshuffled its leadership as part of CEO Robyn Grew’s ongoing overhaul of the world’s biggest publicly listed hedge fund.
📰 Qube to Enter US After Building $30 Billion Hedge Fund Giant | In roughly seven years, Qube Research & Technologies has grown into a hedge fund powerhouse without setting foot in the US — the industry’s mecca.
Our Top Internships
✨ Akuna Capital - Software Engineer Intern | a proprietary trading firm focused on derivatives market making and quantitative trading.
✨ Akuna Capital - Quantitative Researcher Intern | a proprietary trading firm focused on derivatives market making and quantitative trading.
✨ Tower Research Capital - Quantitative Trader Intern | a quantitative trading firm known for its high-frequency trading and market-making.
✨ Garda Capital Partners - Trading Analyst Intern | an investment management firm specializing in fixed income relative value strategies.
Our Top Full-Time Positions
✨ Citadel Securities - Quantitative Research Engineer | an American market making firm headquartered in Miami, Florida.
✨ Valkyrie Trading - Quantitative Researcher | a firm founded with the intent of embracing trading opportunities and technology in the modern financial marketplace.
✨ Akuna Capital - Junior Quantitative Researcher | a proprietary trading firm focused on derivatives market making and quantitative trading.
✨ Wolverine Trading - Senior C++ Engineer | a proprietary trading group engaged in market making and valuation arbitrage across global markets.
Upcoming Events
📆 Flow Traders - W3BWAVE | discover Flow Trader’s approach to digital assets, how they embrace talent development, and foster the next generation of crypto traders.
📆 Citadel - High School Terminal Competition | an online programming competition of technical and creative problem-solving.
Educational Resources
🚀 [Quant Researcher] Let's reproduce GPT-2 (124M) | a video by Andrej Karpathy on reproducing the GPT-2 (124M) model from scratch.
🚀 [Quant Trader] Market Wizards, Updated: Interviews with Top Traders | a series of stories from dozens of top traders across most financial markets.
🚀 [Quant Researcher] Statistical Rethinking | a course on data analysis through the lens of scientific models.
Weekly Quant Puzzles
Question #1 - Probability
You have a pet cat that has a sly tendency to leave your house while you are away. Every day while you are out, you call your neighbor to ask them whether your cat has left your house. Your neighbor always responds with a yes or a no, but sometimes they lie, saying that your cat left when it has not, or vice versa.
Let's say that the probability that your cat leaves the house is 0.001 and the probability that your neighbor lies is 0.1 (independent of whether your cat actually left the house or not).
What is the probability that your cat left the house given that your neighbor says it did so?
Quote of the Week
"Don't mistake possibilities for probabilities. Anything is possible. It's the probabilities that matter” - Ray Dalio