OpenQuant Newsletter - Edition #177
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 Drops US Suit After UK Win Over Ex-Staffers | Citadel Securities dropped a US lawsuit accusing Portofino Technologies of trade-secrets theft, saying it was focusing instead on collecting a £6 million judgment against the firm’s founders.
📰 Macro Hedge Fund Deem Raised $1 Billion From Abu Dhabi’s ADIC | Asfandyar Nadeem’s hedge fund has received about $1 billion in new capital from an Abu Dhabi investor, amid a surge in appetite for macro strategies.
Our Top Internships
✨ Stevens Capital Management - Quantitative Research Analyst Internship | a firm that specializes in the rigorous development of empirically based quant trading.
✨ Optiver - Software Engineer Intern (Summer 2027 - Austin) | a leading global proprietary trading firm and market maker.
✨ Optiver - Quantitative Intern (Summer 2027) | a leading global proprietary trading firm and market maker.
Our Top Full-Time Positions
✨ Jane Street - Machine Learning Researcher | a highly secretive, quantitative proprietary trading firm and liquidity provider.
✨ Pimco - Software Engineer, Short Term Technology | a global leader in active fixed income with deep expertise across public and private markets.
✨ BlackRock - Analyst, Quant Research | a global asset manager and technology provider dedicated to helping more and more people experience financial well-being.
✨ Wolverine Trading - Quantitative Trader - High Frequency Futures | a proprietary trading group engaged in market making and valuation arbitrage across markets.
Upcoming Events
📆 CME Group - Trading Challenge | test-drive trading strategies with our range of futures products for a chance to win cash prizes.
📆 Point72 Academy Investment Analyst Program | a paid ten-month training program designed to prepare you for a potential career as an analyst at Point72.
Educational Resources
🚀 [Quant Trader] A Look Inside Jane Street’s Internship Program 2026 | a preview into the internship program at Jane Street.
🚀 [Quant Researcher] Complex Feature Engineering at Two Sigma | a podcast on the intricacies of feature generation in quantitative investment strategies.
🚀 [Quant Developer] Introducing Muse Spark 1.1 | an overview of Meta’s new multimodal reasoning model built for agentic tasks.
Weekly Quant Puzzles
Question #1 - Probability
Suppose you roll a fair 6-sided die until you’ve seen all 6 faces. What is the probability you won’t see an odd numbered face until you have seen all even numbered faces?
Quote of the Week
“I also learned the value of withholding judgement until I could make a decision based on evidence.” - Edward Thorp