OpenQuant Newsletter - Edition #136
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
📰 US Hedge Fund Verdad Plans to Launch New Japan Small-Cap Fund | Boston-based hedge fund Verdad Advisers is planning to launch a new Japanese equity fund focusing on small-cap companies.
📰 Ex-BlackRock Executive Seeks $700 Million for Credit Hedge Fund | Neeraj Seth, a former CIO at BlackRock Asia Pacific fundamental fixed income team, is looking to raise up to $700 million for a credit hedge fund.
Our Top Internships
✨ State Street - Investment Management Intern | a global financial services company that provides investment servicing, trading, and investment management services.
✨ Optiver - Quantitative Research Intern | a global, technology-driven proprietary trading firm and market maker.
✨ Federal Home Loan Bank of Chicago - Model Risk Management Intern | a wholesale bank and a member of the FHLBank System.
Our Top Full-Time Positions
✨ Wolverine Trading - Entry Level C++ Software Engineer | a proprietary trading group engaged in market making and valuation arbitrage across global markets.
✨ Bridgewater Associates - Portfolio Associate | a global investment management firm, founded by Ray Dalio in 1975.
✨ Bridgewater Associates - Investment Engineer, Implementation | a global investment management firm, founded by Ray Dalio in 1975.
✨ Optiver - Graduate Quantitative Developer | a global, technology-driven proprietary trading firm and market maker.
Upcoming Events
📆 Susquehanna International Group - Discovery Day | learn about how our technology, trading, research, and business teams work together at SIG.
📆 Jane Street - FTTP | a select group of undergrads will learn more about Jane Street’s innovative trading and technology models through classes and games.
Educational Resources
🚀 [Quant Trader] Algorithmic Trading: Winning Strategies and Their Rationale | a book on quantitative trading written by a seasoned practitioner.
🚀 [Quant Researcher] NFL Big Data Bowl 2026 - Analytics | a competition to predict NFL player movement during the video frames after the ball is thrown.
🚀 [Quant Developer] Computer Networks: A Systems Approach | a book covering networks from a systems perspective, focusing on design principles.
Weekly Quant Puzzles
Question #1 - Brainteaser
You need to communicate with your colleague in Greenwich via a messenger service. Your documents are sent in a padlock box. Unfortunately the messenger service is not secure, so anything inside an unlocked box will be lost (including any locks you place inside the box) during the delivery. The high-security padlocks you and your colleague each use have only one key which the person placing the lock owns. How can you securely send a document to your colleague?
Quote of the Week
“Thousands of experts study overbought indicators, head-and-shoulder patterns, put-call ratios, the Fed’s policy on money supply…and they can’t predict markets with any useful consistency, any more than the gizzard squeezers could tell the Roman emperors when the Huns would attack.” - Peter Lynch