OpenQuant Newsletter - Edition #179
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 That Millennium Exited Reboots With Schonfeld Backing | Khalid Malik’s stocks-focused hedge fund that lost a $1.5B backing from Millennium more than two years ago has reset its business with a cash injection from Schonfeld.
📰 JPMorgan Moves Over 30 China Quant Researchers to Singapore, HK | JPMorgan Chase moved more than 30 quant staff from mainland China to Singapore and Hong Kong in recent months to consolidate the team in regional hubs.
Our Top Internships
✨ Seven Research - Deep Learning Researcher Intern | a quant research & tech firm specializing in systematic strategies, machine learning, and global financial markets.
✨ Seven Research - Algorithmic Developer Intern | a quant research & tech firm specializing in systematic strategies, machine learning, and global financial markets.
✨ Two Sigma - AI Research Scientist Intern | a financial sciences and quantitative investment management company.
✨ BlackEdge Capital - Quantitative Trader Intern | a proprietary trading firm specializing in options market making.
Our Top Full-Time Positions
✨ Old Mission Capital - Quantitative Trader (2027 Graduate) | a global, privately held quantitative market-making and proprietary trading firm.
✨ Bridgewater Associates - Commodities Research Associate | a massive American investment firm known as the world’s largest hedge fund.
✨ BlackEdge Capital - Graduate Quantitative Trader | a proprietary trading firm specializing in options market making.
✨ DRW - Quantitative Researcher | a prominent, technology-driven proprietary trading firm founded in 1992.
Upcoming Events
📆 Citadel - Ignite Women’s Trading Program | an invite-only, weeklong introductory program for sophomore women interested in exploring a career in trading.
📆 Akuna Capital - Expression of Interest: 2027 Trading Sneak Peek Weeks | one-week micro-internships designed to provide a hands-on intro to trading at Akuna Capital.
Educational Resources
🚀 [Quant Researcher] The Pricing of Options and Corporate Liabilities | an overview of the Black Scholes model — a mathematical framework for pricing options.
🚀 [Quant Trader] Quantitative Trading Summary - Headlands Tech | an attempt to shed some light on modern quantitative trading.
🚀 [Quant Developer] Introduction to Async in Rust | a talk on the world of asynchronous programming in Rust.
Weekly Quant Puzzles
Question #1 - Brainteaser
What is the smallest number of cuts required to create 64 unit cubes from a 4 by 4 by 4 unit block of wood?
Quote of the Week
“many of these algorithmic secrets, there are $100 million secrets that are a few lines of code” - Dario Amodei