OpenQuant Newsletter - Edition #27
Quant Jobs & Internships, Upcoming Events, Puzzles and More!
Hello, fellow Quants!
Welcome to our weekly newsletter, where we share the latest jobs/internships, educational opportunities, and upcoming events in quantitative finance.
Here’s what we have on this week’s agenda:
Internships
Full-Time Jobs
Upcoming Events
Educational Resources
Quant Puzzle
Our Top Internships
✨ AQR Capital Management - Arbitrage Research Summer Analyst | a global investment management firm dedicated to delivering results for our clients.
✨ Chicago Trading Company - Quant Trading Analyst Intern | a firm of quants that collaborate to solve tough problems in the most complex and dynamic markets.
✨ Susquehanna International Group - FPGA Intern | a global quantitative trading firm built on a rigorous, analytical foundation in financial markets.
✨ BNP Paribas - Technology Summer Analyst Intern | a French multinational universal bank and financial services holding company.
Our Top Full-Time Positions
✨ Two Sigma - AI Research Scientist | a New York City-based hedge fund that uses a variety of technological methods.
✨ KeyBank - Analytics & Quantitative Modeling Rotational Analyst | one of the largest banks in the United States.
✨ Millennium Management - Quantitative Researcher | a global investment management firm, built on a sophisticated operating system at scale.
✨ Pimco - Credit Research Analyst, Energy | an American investment management firm focusing on active fixed-income management worldwide.
Upcoming Events
📆 Jane Street Graduate Research Fellowship | a full-tuition, stipend included, fellowship for doctoral students pursuing degrees in CS, Math, Physics, or Statistics.
📆 Optiver Meet & Greet at UC Berkeley | a chance to meet with members of Optiver’s trading and software teams and grab some free Optiver swag.
📆 Two Sigma Quant Research Meet & Greet at MIT | a chance to meet with members of the Two Sigma Research team and learn about internship opportunities.
Educational Resources
🚀 Headlands Technologies - Quantitative Trading Summary | an article that covers what it is like to work at a quantitative trading firm.
🚀 How to Optimize a CUDA Matmul Kernel | a fascinating blog post that reveals insights into how GPUs are used for deep learning through an example of optimizing matrix multiplication.
🚀 Strategy versus Structure in Tail Hedging | a podcast and wide-ranging discussion on option-based tail hedging and the types of strategies used by hedge funds.
Weekly Quant Puzzles
Question #1 - Probability
You are shooting arrows at a target with three rings: there is a circle with a 4-inch radius, a ring around it with an 8-inch radius, and a ring around that with a 12-inch radius. Each arrow hits the target somewhere uniformly at random.
What’s the probability that you land exactly one arrow in each of the three rings?
Quote of the Week
“The 50-50-90 rule: Anytime you have a 50-50 chance of getting something right, there's a 90% probability you'll get it wrong.” - Andy Rooney