OpenQuant Newsletter - Edition #137
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
📰 Eisler to Shut Hedge Fund Amid Talent War and Poor Returns | Edward Eisler is closing his eponymous investment firm after weak returns, shrinking assets and ballooning staffing costs hindered his efforts to push into the hedge fund world.
📰 Bridgewater Soars 26% to Lead Pack of Biggest Hedge Funds | Bridgewater Associates’ flagship macro fund climbed 26.4% in the first nine months of this year as tariff-fueled market uncertainty boosted the firm and its peers.
Our Top Internships
✨ Old Mission Capital - Quant Trader, Micro-Internship | a quantitative trading firm and global market maker.
✨ GSA Capital - Quantitative Researcher Intern | a British quantitative finance firm that specializes in systematic trading strategies.
✨ Schonfeld - Quantitative Research Intern | a global multi-manager platform investing capital with Internal and Partner portfolio managers.
✨ Tudor Group - Quantitative Developer Intern | a global investment management firm known for its discretionary and model-driven macro trading strategies.
Our Top Full-Time Positions
✨ Two Sigma - Software Engineer | a global financial sciences company that uses data science, artificial intelligence, and computing power to solve problems in finance.
✨ Jane Street - Quantitative Trader | a global quantitative trading firm founded in 2000 that specializes in market making.
✨ Jane Street - Quantitative Researcher | a global quantitative trading firm founded in 2000 that specializes in market making.
✨ Aquatic Capital - Quantitative Researcher | a quantitative investment firm that specializes in systematic investment strategies.
Upcoming Events
📆 Hudson River Trading - Women In Trading & Tech Internship | an informative 2-4 week exploration into quantitative trading for students.
📆 GSA Capital - Cambridge University Quant Presentation 2025 | a presentation on quant research at GSA Capital by a current Quantitative Researcher at the firm.
📆 Optiver - Amsterdam FutureFocus Quants | a five-day program designed for students graduating in 2028 who want to explore the world of financial markets.
Educational Resources
🚀 [Quant Trader] Flash Boys: A Wall Street Revolt | a book on how a group of Wall Street outsiders discovered the stock market was rigged by high-frequency traders.
🚀 [Quant Developer] Engineering and Interviewing at HRT | an article covering engineering and interviewing at HRT by the founder of the algo engineering team.
🚀 [Quant Developer] Hacking OCaml - Jane Street | a talk about a CTF puzzle that involves finding problems and vulnerabilities within the OCaml runtime.
Weekly Quant Puzzles
Question #1 - Brainteaser
You are facing two doors. One leads to your job offer and the other leads to exit. In front of either door is a guard. One guard always tells lies and the other always tells the truth. You can only ask one guard one yes/no question. Assuming you do want to get the job offer, what question will you ask?
Quote of the Week
“The people who are doing incredibly well in our economy are the ones who have embraced continuous learning, who are actually very energetic.” - David Siegel