OpenQuant Newsletter - Edition #140
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
📰 Man Group, LGT Capital Say Crypto Yet to Win Over Investors | Man Group Plc, the world’s largest publicly traded hedge fund, and LGT Capital Partners said they haven’t seen investor appetite yet for crypto hedge fund strategies, with inefficiencies and operational risks currently outweighing potential returns.
📰 Hedge Fund Assets Hit $5 Trillion With Most Inflows Since Before Financial Crisis | Assets in the global hedge fund industry have surged to a record $5 trillion as investors poured money into alternatives and funds posted solid gains, according to an article by Bloomberg.
Our Top Internships
✨ Tower Research Capital - Quantitative Researcher Intern | a quantitative trading firm founded in 1998 that uses high-performance, electronic trading platforms.
✨ ExodusPoint - Fixed Income Intern | a global investment management firm that employs a multi-manager, multi-strategy approach to manage capital.
✨ Mako - Trading & Tech Internship | a leading options market maker with a global trading footprint at the forefront of options market making.
✨ Tudor Group - Summer Internship | a firm that manages assets across fixed income, currency, equity and commodity asset classes.
Our Top Full-Time Positions
✨ Old Mission Capital - Junior Quantitative Researcher | a privately held, global quantitative trading firm and market maker founded in 2008.
✨ Arcadian Asset Management - Analyst, Portfolio Construction | an investment firm that specializes in data-driven, systematic equity and credit strategies.
✨ Engineers Gate - Risk Engineer | a quantitative investment company focused on computer-driven trading in global financial markets.
✨ XTX Markets - Junior Quant Analyst | a global financial technology company that provides liquidity in financial markets.
Upcoming Events
📆 GSA SPARK Competition | Join the race against fellow students to shut down SPARK before it conquers every electronic trading market worldwide!
📆 Point72 Academy Spring Insight Program– London | a work shadowing program designed to expose undergraduate students to a career in investing.
Educational Resources
🚀 [Quant Researcher] Computational Linear Algebra - fast.ai | a free online course covering numerical linear algebra for coders.
🚀 [Quant Trader] Probability & Markets by Jane Street | an introduction to probability and markets by traders at Jane Street.
🚀 [Quant Developer] Effective Modern C++ | a book that describes how to write truly great software using C++11 and C++14.
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
“The rules are quite simple: Diversify. Rebalance. Keep costs low. There aren’t many others. But no one writes that book because it’s three pages.” - Cliff Asness