OpenQuant Newsletter - Edition #37

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:

1. Quant News - catch up on what’s happening around the quant industry.

2. Quant Jobs - discover the latest internships/jobs to land your next quant role.

3. Upcoming Events - find community events to meet fellow quants.

4. Educational Resources - latest research papers & courses to learn quant concepts.

5. Quant Puzzle - keep your interview skills sharp with a weekly brainteaser.

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News Headlines

📰 Exodus Point brings on new Leadership | ExodusPoint recently hired a new Head of AI and Chief Data Scientist, both of whom have experience managing small funds.

📰 Two Sigma to Spin out New Fund | Two Sigma looks to spin out its private equity impact-investing unit and invest up to $75 million in the new fund.

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Our Top Internships

✨ Pimco - 2024 PhD Client Analytics Intern | an American investment management firm focusing on active fixed-income management worldwide

✨ Pimco - 2024 Technology Analyst, Software Engineering Intern | an American investment management firm focusing on active fixed-income management worldwide

✨ Calamos Investments - Data Science Intern | a diversified global investment firm offering an array of investment strategies.

✨ Point72 - Proprietary Research Intern | a global firm led by Steven Cohen that invests in multiple asset classes and strategies worldwide.

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Our Top Full-Time Positions

✨ Gunvor - Quantitative Analysis Graduate Program | one of the world's largest independent commodities trading houses.

✨ Bank of America - Quantitative Finance Analyst | an American multinational investment bank and financial services holding company.

✨ Beacon Platform - Credit Quantitative Developer | a financial technology firm that provides everything quantitative developers need to rapidly build trading models.

✨ Arrowstreet Capital - Senior Quantitative Developer | a Boston-based investment manager that provides global and international equity investment strategies.

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Upcoming Events

📆 12/10 - CME Group Crypto Trading Challenge | go head-to-head against fellow traders for a chance to win cash prizes.

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Educational Resources

🚀 [Quant Research] Anomalies and News | a research paper that identifies the relationship between news headlines and stock price anomalies.

🚀 [Quant Developer] HRT Intern Spotlight: 2023 Software Engineering Projects | three examples of projects worked on by SWE interns at HRT.

🚀 [Quant Developer] Computer Science Reading List | a hand-curated collection of CS reading material from a software engineer at Jane Street.

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Weekly Quant Puzzles

Question #1 - Probability

You are playing a game where you roll one dice. If the value of the dice roll is even, you will get 2 times the value of the roll in dollars. If the value of the dice roll is odd, you will get just the value of the dice roll. You are also given the chance to reroll the dice once. How much money do you expect to make by playing this game?

Question #2 - Discrete Math

How many positive integers are there under 1 million whose digits sum to 19?

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Quote of the Week

“Investing is a business where you can look very silly for a long period of time before you are proven right.” - Bill Ackman