OpenQuant Newsletter - Edition #144
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
📰 Schonfeld-Backed Quant Raises $1.7 Billion for New Hedge Fund | Quantitative firm Y-Intercept (Hong Kong) Ltd. has gathered more than $1.7 billion in one of the most successful Asia hedge fund capital raisings in recent years.
📰 Hedge Fund Verition Adds Energy Traders in Tough Year for Market | Hedge fund Verition Fund Management is hiring in energy, going against the grain in a year when many traders have struggled to make money.
Our Top Internships
✨ Two Sigma - AI Research Scientist Intern | a financial sciences company that uses a scientific approach to financial services to solve complex problems.
✨ Voloridge - Quantitative Research Intern 2026 | a hedge fund manager that uses advanced data science and mathematical modeling to generate superior returns.
✨ Voloridge - Software Engineer Intern 2026 | a hedge fund manager that uses advanced data science and mathematical modeling to generate superior returns.
Our Top Full-Time Positions
✨ Old Mission Capital - Quantitative Trader (ETF) | a privately held, global quantitative market maker that specializes in providing liquidity.
✨ Schonfeld - Software Engineer | a global multi-strategy, multi-manager hedge fund that invests across various asset classes.
✨ Wolverine Trading - Entry Level Trader | a proprietary trading group engaged in market making and valuation arbitrage across global markets.
✨ Two Sigma - Quantitative Software Engineer | a financial sciences company that uses a scientific approach to financial services to solve complex problems.
Upcoming Events
📆 Valkyrie Trading - May 2026 Trading Boot Camp | a one week bootcamp featuring mock trading sessions, education, and training.
📆 Peak6 - Trading Bootcamp Micro-internship | a highly engaging one-week program that will introduce you to options trading.
Educational Resources
🚀 [Quant Trader] Beyond Factors: Reimagining Quant Equity for the Modern Era | a discussion on the evolution in quant equity investing over the past two decades.
🚀 [Quant Researcher] AI Mathematical Olympiad - Progress Prize 3 | create open-source algorithms that can solve olympiad-level math problems written in LaTeX.
🚀 [Quant Developer] From Single-Node to Multi-GPU Clusters: How Discord Made Distributed Compute Easy for ML Engineers
Weekly Quant Puzzles
Question #1 - Finance
Please complete the following sentences:
Part A: If the close price of ABC at expiration is $20, a $19.50 strike call is worth $_____
Part B: If the close price of ABV at expiration is $20, a $22.50 strike call is worth $_____
Part C: If the close price of ABX at expiration is $25, a $23.25 strike put is worth $_____
Part D: If the close price of ABY at expiration is $22, a $23.25 strike put is worth
$____
Quote of the Week
“All models are wrong, but some are useful” - George E.P. Box