OpenQuant Newsletter - Edition #133
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 AQR Loses $4.7 Billion Dutch Pension Fund Mandate | AQR is among firms to have lost its mandate with PFZW, as the Dutch pension fund cuts many external managers due to concerns that they’re not focused on sustainability.
📰 PredictIt Gains CFTC Approval to Launch Regulated Exchange | PredictIt, a popular but previously unlicensed exchange to put money on election outcomes, has won approval to expand operations as a regulated derivatives exchange.
Our Top Internships
✨ XTX Markets - Risk Intern | a leading global trading firm specializing in providing liquidity for currency, equity, and crypto markets.
✨ XTX Markets - Software Engineering Intern | a leading global trading firm specializing in providing liquidity for currency, equity, and crypto markets.
✨ Wintermute Trading - Quant Research Intern | a leading algorithmic trading firm, focused on harnessing the chaos of digital assets into liquid and efficient markets.
Our Top Full-Time Positions
✨ Boerboel - FPGA Engineer | a proprietary trading firm, active across a wide range of asset classes and regions.
✨ WorldQuant - Quantitative Developer - AI Implementation | an international hedge fund and quantitative investment management firm.
✨ Mako - Senior Software Engineer | a firm that provides liquidity to global derivatives markets, primarily through options market making.
✨ Balyasny Asset Management - Applied AI Engineer | a global, multi-manager, multi-strategy investment firm founded in 2001.
Upcoming Events
📆 Point72 Academy National Case Competition | showcase your investing skills by presenting a stock pitch to Point72 with a team from your university.
📆 FTTP - Jane Street | an event for first-year undergraduates to learn more about Jane Street’s innovative trading and technology models through a series of classes.
📆 In Focus - Jane Street | a program for undergrad/grad students to meet the Jane Street team and and learn how they solve unique challenges in the markets.
📆 9/24 - Two Sigma - MIT Quant Research Coffee Chat | meet with Quants at Two Sigma to learn about their transition from academia to the firm.
Educational Resources
🚀 [Quant Developer] Jane Street - Rust for Everyone | a talk by Will Crichton on four years of research into tools that help people work more effectively with Rust.
🚀 [Quant Researcher] Why ML Needs a New Programming Language | Chris Lattner discusses how to design a language that’s easy to use for writing GPU kernels.
🚀 [Quant Trader] Fifty Challenging Problems in Probability with Solutions | a book on both elementary ad advanced aspects of probability.
Weekly Quant Puzzles
Question #1 - Brainteaser
You have two identical eggs in a 100-story building, you don't know the floor the eggs will break on. If an egg is dropped at an elevation under story X, then the egg will survive; else, the egg breaks. What is the minimum number of drops required to determine X in the worse-case scenario?
Quote of the Week
“We think the challenges, consolidation, and changes in the industry are due to one main factor: There isn't enough alpha to make everyone happy.” - Dmitry Balyasny