OpenQuant Newsletter - Edition #132
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
📰 Crowdsourcing Hedge Fund Gets $500 Million JPMorgan Commitment | Numerai hedge fund backed by the billionaire Paul Tudor Jones looks poised to more than double in size with a big influx of cash from JPMorgan Asset Management.
📰 Walleye Incubates Hedge Fund Strategy for Potential Spinout | Hedge fund firm Walleye Capital has hired two portfolio managers to trade financial sector stocks, with a goal of potentially spinning out their strategy at a later stage.
Our Top Internships
✨ Gelber Group - Algorithmic Trading Internship | a Chicago-based, privately funded, global proprietary trading firm.
✨ Engineers Gate - Quantitative Research Intern | a quantitative investment company focused on computer-driven trading in global financial markets.
✨ Chicago Trading Company - Quant Trading Internship | a private, proprietary trading firm that specializes in derivatives, equities, and futures trading.
Our Top Full-Time Positions
✨ BlackRock - Research Associate | a multinational investment company headquartered in New York City.
✨ Voleon Group - Associate Member of Trading Staff | an investment management firm specializing in applying statistical ML and data-driven techniques to trading.
✨ Akuna Capital - Quantitative Researcher | a proprietary trading firm that acts as an options market-maker.
✨ TransMarket Group - Quantitative Researcher, Interest Rates | a privately held, global proprietary trading firm founded in 1980.
Upcoming Events
📆 9/24 - Get to Know Sales & Trading at Jane Street | a seminar for undergraduate students who are curious about the Sales and Trading Internship at Jane Street.
Educational Resources
🚀 [Quant Researcher] Jane Street - What the interns have wrought, 2025 edition | a summary of 2025 internship projects at Jane Street.
🚀 [Quant Trader] OpenQuant Puzzles | a curated set of statistics, probability, and brainteaser interview questions and puzzles.
🚀 [Quant Developer] Comprehensive Rust | a free Rust course developed by the Android team at Google.
Weekly Quant Puzzles
Question #1 - Brainteaser
Suppose there are 100 people standing in a circle numbered 1-100. Person 1 is given a sword and uses it to slay person 2. Person 3 picks up the sword and uses it to eliminate person 4 and so on. This continues until just one person remains. Which person is the survivor?
Quote of the Week
"Capital markets reward you for what you learn that other people have yet to ascertain." - Ken Griffin