OpenQuant Newsletter - Edition #46
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
📰 D.E Shaw Delivers Solid Returns in 2023 | The firm’s largest hedge fund, the Composite Fund, posted a 9.6% gain in 2023.
📰 AQR Capital Boasts Impressive Gains in 2023 | The firm’s longest-running multistrategy fund recorded an 18.5% gain in 2023.
Our Top Internships
✨ Global Atlantic Financial Group - Quantitative Investments Intern | a leading insurance company meeting the retirement and life insurance needs of individuals.
✨ Capstone Investment Advisors - Investment Spring Internship | an American investment management firm headquartered in New York City.
✨ Schonfeld - Quantitative Researcher Intern | a multi-manager platform that invests its capital with internal and partner portfolio managers.
✨ Engineers Gate - Trading Assistant | a quantitative investment company focused on computer-driven trading in global financial markets.
Our Top Full-Time Positions
✨ Bridgewater Associates - Client Service Research Associate | a premier asset management firm, focused on delivering unique insight and partnership.
✨ Pimco - Quantitative Research Analyst | an investment management firm providing solutions for institutions and individuals worldwide.
✨ Graduate Trader - Mako | a firm that provides liquidity to global derivatives markets, primarily through options market-making.
✨ Two Sigma - Quantitative Software Engineer | a financial company, combining data analysis and inquiry to solve the toughest challenges in investment management.
Upcoming Events
📆 Optiver Insight Days - Women in Tech & Trading | a program designed to introduce sophomore women to the world of market making.
📆 PyCon 2024 - Pennsylvania | the largest annual gathering for the community using and developing the open-source Python programming language.
Educational Resources
🚀 [Quant Researcher] Mathematics for Machine Learning Textbook | a textbook covering the underlying math used by many foundational machine learning concepts.
🚀 [Quant Trader] Quant Math and Brain Games | A series of math and brain games to prepare for your upcoming quantitative finance interviews.
🚀 [Quant Researcher] DocLLM Research Paper | A new LLM model for document AI tasks created by researchers at JPMorgan Chase.
Weekly Quant Puzzles
Question #1 - Probability
You and two other friends get gum from a semi-functioning gum machine. This machine will pop out a stick of gum with a length from the interval [0,3] independently and uniformly. Of the three sticks, you will receive the shortest one. What is the probability that the length of your gum stick is between 1 and 2?
Quote of the Week
“He who lives by the crystal ball will eat shattered glass.” - Ray Dalio