OpenQuant Newsletter - Edition #175
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
📰 Hedge Fund With $1.5 Billion to Shut, Team Joins ExodusPoint | Ovata Capital Management, a Hong Kong hedge fund overseeing $1.5B, will shut its doors as its founder and most of its staff prepare to join ExodusPoint Capital Management.
📰 Jump Trading Buys Stake in Multistrat Digital Hedge Fund Nickel | Jump Trading has bought a minority stake in hedge fund Nickel Digital Asset Management, in signs that prop. trading firms are extending reach beyond traditional businesses.
Our Top Internships
✨ XTX Markets - AI Research Intern (New York) | a leading algorithmic trading firm which uses state-of-the-art machine learning technology.
✨ Radix Trading - Quantitative Technologist (Chicago) | a research firm, powered by technology and monetized through trading.
✨ Jump Trading - Campus Crypto Researcher Intern (London) | a privately held, Chicago-based proprietary trading and technology firm.
✨ Wintermute - DeFi Algorithmic Trading Internship (Singapore) | a leading global algorithmic market maker and liquidity provider in digital assets.
Our Top Full-Time Positions
✨ Arrowstreet Capital - Senior Software Engineer | a Boston-based investment firm delivering systematic strategies for institutional investors across global markets.
✨ Man Group - Quantitative Researcher | an investment management firm focused on performance and portfolio solutions.
✨ Man Group - Quantitative Portfolio Implementation Analyst | an investment management firm focused on performance and portfolio solutions.
✨ BlackEdge Capital - Trading Strategy Software Engineer | a proprietary trading firm based in Chicago, Illinois, specializing in options market making.
Upcoming Events
📆 Liquidity Arena 2026 - AI Quant Trading Competition | a global AI-powered quantitative trading competition organized by LiquidityTech.
📆 Bridgewater Associates - Forecasting the Future Competition | a global macro economics challenge hosted by Bridgewater Associates.
Educational Resources
🚀 [Quant Trader] Jane Street - Figgie | a free online game by Jane Street that simulates the exciting elements of markets and trading.
🚀 [Quant Developer] Building a Data Warehouse from Scratch | a discussion on Superstore, a distributed columnar database now central to Jane Street’s tech stack.
🚀 [Quant Researcher] How agents are transforming work | how AI agents are shifting from simple assistants to autonomous collaborators.
Weekly Quant Puzzles
Question #1 - Probability
If I roll a dice 36 times, what is the probability that each number appears exactly 6 times?
Quote of the Week
“If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money.” - Ray Dalio