OpenQuant Newsletter - Edition #156
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
📰 Quant Manager Qube Grows China Fund 10-Fold to Above $2 Billion | Hedge fund giant Qube Research & Technologies grew assets in its China equity fund more than 10-fold over the past year, as more investors warmed to Asia’s largest market.
📰 Blackstone Folds Hedge Fund Seeding Into $60 Billion Business | Blackstone is moving its unit that backs hedge funds into the $60 billion Absolute Return business in order to compete with industry giants writing bigger checks to attract talent.
Our Top Internships
✨ Jump Trading - Campus Crypto Researcher Intern | a premier, private, quantitative electronic trading firm founded in 1999, specializing in high-frequency trading.
✨ Peak6 - Market Risk Intern | a diversified financial services and technology firm, originally established as a premier proprietary options trading operation.
✨ StoneX - Treasuries Sales & Trading Intern | a Fortune 500 financial services firm providing institutional-grade access to global markets.
Our Top Full-Time Positions
✨ All Options - C++ Developer | a firm of proprietary traders and market makers since 1998.
✨ All Options - Quantitative Researcher | a firm of proprietary traders and market makers since 1998.
✨ Jane Street - Machine Learning Researcher | a trading firm and liquidity provider with a unique focus on technology and collaborative problem solving.
✨ Jump Trading - ML Research Engineer | a premier, private, quantitative electronic trading firm founded in 1999, specializing in high-frequency trading.
Upcoming Events
📆 Flow Traders Ascent | hands-on event is designed for students who are eager to learn the ins and outs of market making and trading.
📆 PyCon US 2026 | the largest and longest-running annual gathering for the community using and developing the open-source Python programming language.
📆 Discover Citadel - US | a two-day event that will allow you to Discover Citadel, a leading investor in the world’s financial markets.
📆 SIG - High School Discovery Event 2026 (Virtual) | explore the world of quant trading and discover how math, technology, and decision-making are used in trading.
Educational Resources
🚀 [Quant Trader] High-Frequency Trading | an overview of the infrastructure, techniques, and strategies used in quantitative trading.
🚀 [Quant Researcher] Monte Carlo Crash Course | a crash course on Monte Carlo methods covering integration, sampling, and practical examples.
🚀 [Quant Developer] I design with Claude more than Figma now | an article by a Jane Street engineer on using Claude for creating prototypes.
Weekly Quant Puzzles
Question #1 - Brainteaser
You are the portfolio manager of a fund worth $75 million. Your fund has 5 possible asset classes that it can invest in:
Equity Options
Commodity Futures
Fixed Income
Event Contracts
Cryptocurrencies
How many ways can you invest all $75 million into these five asset classes in increments of $1 million? As an example, one investment strategy may be:
Equity Options - $7 million
Commodity Futures - $35 million
Fixed Income - $20 million
Event Contracts - $12 million
Cryptocurrencies - $1 million
Quote of the Week
“Don’t rely on luck alone. Develop a systematic approach that accounts for uncertainty and seeks to capitalize on opportunities” - Jim Simons