OpenQuant Newsletter - Edition #65
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
📰 RenTech Loads up on Meme Stocks Ahead of Rally | The firm purchases 3.82 million shares of AMC in Q1 of 2024 ahead of the recent stock price rally.
📰 Top Hedge Funds Place Bets on Bitcoin ETFs | Millennium, Point72, and Elliott are among the top hedge funds to have purchased large quantities of Bitcoin ETFs.
Our Top Internships
✨ Global Atlantic Financial Group - 2025 Institutional Actuarial Intern | a leading retirement and life insurance company.
✨ Tower Research Capital - Quantitative Trader Intern | a high-frequency proprietary trading firm founded in 1998.
Our Top Full-Time Positions
✨ Tower Research Capital - Machine Learning Research Engineer | a high-frequency proprietary trading firm founded in 1998.
✨ Akuna Capital - Quantitative Researcher | an innovative trading firm with a strong focus on collaboration, cutting-edge technology, and automation.
✨ Winton - Investment Platform Engineer | a quantitative investment management firm generating returns across a range of market environments.
✨ Bridgewater Associates - Senior Compiler Engineer | a premier asset management firm, focused on delivering unique insight for global institutional investors.
Upcoming Events
📆 CME Group Trading Challenge | experience trading futures and options in a realistic yet risk-free environment and see if you can outperform your peers.
📆 7/17 - 7/21 CVF Conference on Computer Vision and Pattern Recognition | the premier annual computer vision event comprising a conference and workshops.
Educational Resources
🚀 [Quant Trader] The Quants | a book that describes the world of quantitative analysis and the various hedge funds that use this technique.
🚀 [Quant Researcher] Introduction to Quantitative Finance | an open-source course by UC Berkeley on the fundamentals of quantitative finance.
🚀 [Quant Researcher] How HRT Thinks About Data | how HRT thinks about data quality and provenance to give trading strategies a fighting chance to succeed.
Weekly Quant Puzzles
Question #1 - Probability
A building has 10 floors above the basement. If 12 people get into an elevator in the basement, and each chooses a floor at random to get out, independently of the others, at how many floors do you expect the elevator to make a stop to let out one or more of these 12 people?
Quote of the Week
“The financial markets are a game, and the quants are the masters of strategy.” - Scott Patterson