OpenQuant Newsletter - Edition #51
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
📰 Deutsche Bank and Citi Group Cut Thousands of Jobs | finance giants continue layoffs amidst poor performance in the past year.
📰 Vanguard Embraces AI in $13 Billion of Quant Stock Funds | the world’s 2nd largest asset manager added AI to four factor-based funds in the past year.
Our Top Internships
✨ Xantium Group - Commodities Analyst Intern | a leading global research and investment group.
✨ Point72 - Academy Investment Analyst Summer Internship | an American hedge fund that invests in discretionary long/short, macro, and systematic strategies.
✨ Optiver - Quantitative Researcher Intern | a proprietary trading firm and market maker for various exchange-listed financial instruments.
Our Top Full-Time Positions
✨ Graham Capital Management - Economics Analyst | an American investment management firm that has a focus on global macro and trend-following investing.
✨ PDT Partners - Research Infrastructure Engineer | a quantitative asset management firm of purpose-driven people that use science-based methodology.
✨ Old Mission Capital - Quantitative Trader | a global, multi-asset market maker specializing in dynamically valuing individual securities and derivatives.
✨ Aquatic Capital Management - Software Engineer | a firm that deploys systematic investment strategies.
Upcoming Events
📆 3/7 - Flow Traders Annual Chess Tournament - Amsterdam | a chess tournament open to chess enthusiasts and students with a STEM background in the Netherlands.
📆 3/12 - QuantStrats New York | a conference that brings together quantitative investment experts from the buy and sell side.
📆 5/17 - Applied Finance in R Conference | the annual R conference that brings together researchers to discuss the latest papers in quantitative finance.
Educational Resources
🚀 [Quant Researcher] Credit Risk Model Kaggle Competition | a competition to predict which clients are most likely to default on their loans.
🚀 [Quant Trader] Flow Traders Virtual Trading Business Course | learn directly from our trading team about market making and Flow Traders’ business.
🚀 [Quant Trader] OpenQuant 100 List | a list of 100+ trading/research interview questions to prepare for your next interview.
Weekly Quant Puzzles
Question #1 - Probability
You take a standard shuffled deck of cards and keep flipping cards over until the first ace appears, which is card #14. What's the probability the next card is the king of hearts?
Quote of the Week
“You can't succeed in the markets today unless you are part of a great team. The team is the essence of how you win.” - Ken Griffin