OpenQuant Newsletter - Edition #173
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
📰 Citadel Backs Hedge Fund Toms Capital With $500 Million in Rare Move | Ken Griffin’s Citadel has backed Benjamin Pass’s hedge fund Toms Capital Investment Management in a rare move to allocate cash to an external money manager.
📰 Blackstone to Back Two Sigma Veteran’s Quant Hedge Fund Startup | Jinger Zhao, a former Two Sigma managing director who spent 18 years at the firm, is preparing to start her own Asia-focused hedge fund with backing from Blackstone.
Our Top Internships
✨ Walleye Capital - Equity Volatility Quant Researcher Intern (2027) | an American multi-strategy hedge fund management firm headquartered in New York.
✨ Walleye Capital - Investment Data Science Intern (Summer 2027) | an American multi-strategy hedge fund management firm headquartered in New York.
✨ Walleye Capital - Quantitative Developer Intern (Summer 2027) | an American multi-strategy hedge fund management firm headquartered in New York.
Our Top Full-Time Positions
✨ Wellington Management - Quantitative Strategist | one of the world’s largest independent investment management firms.
✨ Renaissance Technologies - Research Scientist | an investment management firm that employs mathematical methods in the design of its investment strategies.
✨ Arrowstreet Capital - Senior Quantitative Developer | a Boston-based investment firm delivering innovative, systematic strategies for investors across global markets.
✨ Point72 - Data Scientist | a premier global alternative investment firm led by billionaire investor Steven A. Cohen.
Upcoming Events
📆 Jane Street FTTP | On opportunity for first-year university students to learn about trading and technology models for a couple of days at Jane Street’s office.
📆 Point72 - Fundamental Research Fellowship, Canvas | a 6-month intensive fellowship offering hands-on experience in research and business analysis.
📆 OpenAI - AI Agent Security Competition | build an attack algorithm that stress-tests tool-using AI agents in a deterministic offline benchmark.
Educational Resources
🚀 [Quant Trader] Advances in Financial Machine Learning | learn to understand and implement the latest ML innovations to improve your investment performance.
🚀 [Quant Researcher] Deep Reinforcement Learning Bootcamp | video lectures from the Deep RL bootcamp held at UC Berkeley.
🚀 [Quant Developer] Formal methods and the future of programming | an article by Jane Street on their plan to make formal methods a useful tool for building software.
Weekly Quant Puzzles
Question #1 - Probability
Two players each start with 12 tokens. They roll three dice until the sum is either 11 or 14. If the sum is 14, player A gives a token to player B; if the sum is 11, player B gives a token to player A. They repeat this process until one player, the winner, has all the tokens. What is the probability that player A wins?
Quote of the Week
“It is important to view knowledge as sort of a semantic tree -- make sure you understand the fundamental principles, ie the trunk and big branches, before you get into the leaves/details or there is nothing for them to hang on to.” - Elon Musk