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OpenQuant Newsletter - Edition #33
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.
📰 Mulvaney Capital Management Boasts 60% Gains this Year | the futures hedge fund founded by a former Merrill Lynch options trader, has reaped massive returns due to investments in niche markets such as agricultural commodities.
📰 Millennium Expansion Leads to Increases in Compensation | a recent report indicated that the firm continues to expand its presence in London and has increased its average pay per investment professional by 300k in the past year.
Our Top Internships
✨ Point72 - Trading Desk Intern | a global asset manager that deploys discretionary long/short equity, systematic, and macro investing strategies.
✨ Millennium Management - Valuation Analytics Intern | a global investment management firm, built on a sophisticated operating system at scale.
✨ Old Mission Capital - Quant Trader Intern | a global, multi-asset market maker specializing in dynamically valuing individual securities and complicated derivatives.
✨ Mako - Trading & Technology Summer Intern | provides liquidity to global derivatives markets, primarily through options market making.
Our Top Full-Time Positions
✨ Vatic Labs - AI Infrastructure Engineer | a global liquidity provider, where traders, AI researchers, and technologists collaborate to develop autonomous trading agents.
✨ Virtu Financial - Quantitative Signal Researcher | a leading global market maker, generating deep liquidity that helps to create more efficient markets around the world
✨ Old Mission Capital - Quantitative Developer | a global, multi-asset market maker specializing in dynamically valuing individual securities and complicated derivatives.
✨ KeyBank - Quantitative Analytics Associate | one of the nation's largest, bank-based financial services companies.
📆 10/25 Schonfeld Quant Meetup | Participate in a casual evening of networking, and conversation with Schonfeld Quant Researchers and Portfolio Managers.
🚀 [Quant Researcher] Quantitative Portfolio Management | a systematic review of the quantitative trading of equities and statistical arbitrage.
🚀 [Quant Trader] Linearity of Expectation | an overview of an important statistics concept that frequently appears in quantitative finance interviews.
🚀 [Quant Trader] OpenQuant Math Games | practice mental math and brain games in preparation for quantitative finance online assessments.
Weekly Quant Puzzles
Question #1 - Statistics
A donut shop has 25 different bakers, each of whom bakes donuts. Each baker's output is independent from the others. It so happens that the standard deviation in donut output for each baker is 10. What is the standard deviation in the average number of donuts a baker makes?
Quote of the Week
“One accurate measurement is worth more than a thousand expert opinions.”
– Admiral Grace Hopper