OpenQuant Newsletter - Edition #56
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
📰 Brevan Howard Cuts ~10% of Traders Amid Hedge Fund Losses | the firm is slashing trading jobs after its main fund posted 3% losses in the past year.
📰 Freepoint’s Top Gas Trader Quits to Start his Own Energy Hedge Fund | Freepoint’s head of European physical gas trading, Freddie Sizer, has resigned to start his own energy fund.
Our Top Internships
✨ Schonfeld - 2024 Sector Data Analyst Sophomore Summer Intern | an American hedge fund offering an industry-leading systematic trading platform.
✨ CME Group - Quant Model Verification Intern- Clearing Risk | the world's leading derivatives marketplace, made up of four exchanges.
Our Top Full-Time Positions
✨ Virtu Financial - Experienced Quantitative Trader | a leading financial firm that leverages cutting-edge technology to deliver liquidity to the global markets.
✨ BlueCrest Capital Management - Junior Analyst | a British-American investment firm focused on fixed-income macro trading.
✨ Geneva Trading - Junior Quantitative Risk Developer | a trading company with best-in-class technology, high-fidelity data, and a track record of incubating talent.
✨ Capital Group - Quant Engineer | an American financial services company and one of the oldest investment management organizations.
Upcoming Events
📆 Five Rings Capital - Software Intensive Program | a 5-day workshop on exploring how trading systems technologies are designed and built.
📆 3/19 - Five Rings Capital Virtual Info Session | a virtual info session where you will learn about Five Rings and available campus opportunities.
Educational Resources
🚀 [Quant Trader] Combinatorics & Discrete Mathematics Notes | notes from the discrete mathematics course taught at Northwestern University.
🚀 [Quant Developer] Optimizations in C++ Compilers | an intro to compiler & code generation concepts, along with how these concepts can lead to further optimizations.
🚀 [Quant Developer] MIT Distributed Systems | a course covering abstractions and implementation techniques for engineering distributed systems.
Weekly Quant Puzzles
Question #1 - Discrete Math
We have 4 positive integers A, B, C, and D. We know AB = 16, BC = 14, and CD = 63. What is A + B + C + D?
Quote of the Week
“I want a guy who knows enough math so that he can use those tools effectively but has a curiosity about how things work and enough imagination and tenacity to dope it out.” - Jim Simons