OpenQuant Newsletter - Edition #139
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
📰 Davidson Kempner Joins the Rush of Hedge Funds to Abu Dhabi | US fund manager Kempner Capital Management is expanding its international footprint into Abu Dhabi, where it is joining a trend of hedge funds setting up shop in the Emirate.
📰 Sundheim’s D1 Seeks $1 Billion for New Private Equity Fund | D1 Capital Partners aims to raise more than $1 billion for a new private equity fund as the hedge fund firm pushes deeper into illiquid investing.
Our Top Internships
✨ Man Group - Quantitative Researcher Intern | a global, London-based alternative investment management firm that provides a wide range of investment products.
✨ Citadel - Sector Data Associate Intern | an American multinational hedge fund and financial services company.
✨ Farallon Capital Management - Labs Fellow Internship | a global institutional asset management firm, founded in 1986 and headquartered in San Francisco.
Our Top Full-Time Positions
✨ Optiver - Graduate Quantitative Researcher | a proprietary trading firm and market maker for various exchange-listed financial instruments.
✨ Belvedere Trading - Machine Learning Researcher | a leading proprietary trading firm located in Chicago, specializing in equity index and commodity derivatives.
✨ Citadel - Software Engineer | an American multinational hedge fund and financial services company.
✨ ExodusPoint - Junior Rates Quant | an American investment management firm headquartered in New York City.
Upcoming Events
📆 Discover Citadel 2026 - a two-day event that will allow you to Discover Citadel, a leading investor in the world’s financial markets.
📆 Citadel - Trading Invitational - apply your skills while gaining insights into the day in the life of a trader at a global asset management firm.
Educational Resources
🚀 [Quant Researcher] Let’s Build the GPT Tokenizer: A Complete Guide to Tokenization in LLMs | a tutorial covering the process of tokenization in LLMs.
🚀 [Quant Trader] Statistics 110: Probability | an open-sourced, introductory course on probability by Harvard University.
🚀 [Quant Developer] Data-Parallel Distributed Training of Deep Learning Models | an article exploring a common technique for distributing model training.
Weekly Quant Puzzles
Question #1 - Statistics
Suppose you roll three fair 100-sided die. What is the expected value of the lowest roll?
Quote of the Week
“No matter how sophisticated our choices, how good we are at dominating the odds, randomness will have the last word.” - Nassim Nicholas Taleb