OpenQuant Newsletter - Edition #131
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
📰 CPP Backs Multi-Analyst Hedge Fund Taproot With $250 Million | A hedge fund hiring exclusively analysts instead of costly portfolio managers has won backing from one of the industry’s biggest investors.
📰 Hedge Fund ExodusPoint Expands Hong Kong Office on Cheaper Rents | Hedge fund firm ExodusPoint Capital Management took up a new floor in Hong Kong’s Central business district, taking advantage of a dip in commercial office rents.
Our Top Internships
✨ Engineers Gate - Quantitative Researcher Intern | an investment firm that uses computer-driven strategies and statistical models to trade in financial markets.
✨ AQR - 2026 Research Summer Analyst | a global investment management firm dedicated to delivering results for our clients.
✨ Millennium Management - Risk Management Intern | an alternative investment firm with the mission to deliver high-quality returns for our investors.
Our Top Full-Time Positions
✨ Edgehog Trading - Overnight Trader | a proprietary trading firm based in Chicago that specializes in electronic options market-making.
✨ Edgehog Trading - C++ Software Developer | a proprietary trading firm based in Chicago that specializes in electronic options market-making.
✨ Millennium Management - Quantitative Researcher, Multi-Asset | an alternative investment firm with the mission to deliver high-quality returns for our investors.
✨ Voleon Group - Quantitative Trading Strategist | a firm that applies an academic approach to research with an emphasis on scalability and risk management.
Upcoming Events
📆 Equities – Citadel Associate Program - 2026 | The Associate Program seeks to train and develop junior talent into successful investment professionals.
📆 9/3 - Jane Street - Dinner at UC Berkeley | Jane Street is hosting a dinner in Berkeley! UC Berkeley students of all backgrounds are encouraged to attend.
Educational Resources
🚀 [Quant Trader] Jane Street - Figgie | a fast-paced game simulating the exciting elements of markets and trading.
🚀 [Quant Researcher] Monte Carlo Crash Course | a crash course on the fundamental of Monte Carlo methods in statistics.
🚀 [Quant Developer] Building a Distributed Filesystem for Scalable Research | a blog by HRT on how they built their own distributed filesystem for algorithmic trading.
Weekly Quant Puzzles
Question #1 - Brainteaser
A farmer is on his way back from the market, with him he has a fox, a chicken, and some grain. When he reaches a river crossing he must use a small boat only big enough for him and one other item. Unfortunately, if the fox is left alone with the chicken it will eat it, as will the chicken eat the grain. Explain how the farmer can cross the river.
Quote of the Week
“Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better.” - Nassim Nicholas Taleb