OpenQuant Newsletter - Edition #72
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
📰 Head of Jump Trading Crypto steps down | Head of Jump Trading’s digital asset subsidiary, announced he is stepping down from his role amid widespread reports of a Commodity Futures Trading Commission (CFTC) investigation.
📰 Point72 and Citadel lead 2024 hedge fund rebound | Steve Cohen’s Point72, Ken Griffin’s Citadel and Izzy Englander’s Millennium were among the top-performing hedge funds in the first six months of the year according to Business Insider reports.
Our Top Internships
✨ Citadel Securities - Quantitative Trading Intern (2025) | a firm that provides liquidity to capital markets and partners with financial institutions worldwide.
✨ Citadel Securities - Software Engineer Intern (2025) | a firm that provides liquidity to capital markets and partners with financial institutions worldwide.
✨ Citadel - Investment & Trading Intern (2025) | an American multinational hedge fund and financial services company.
✨ Citadel - Quantitative Research Analyst Intern (2025) | an American multinational hedge fund and financial services company.
Our Top Full-Time Positions
✨ Susquehanna International Group - Quantitative Researcher (Master’s) | a global quantitative trading firm founded with an entrepreneurial mindset.
✨ IMC Trading - Quantitative Trader (Equity Options) | one of the world's most active prop. trading firms and a key market maker in various products.
✨ Pimco - Systematic Quant Research Analyst | a global leader in active fixed income with deep expertise across public and private markets.
✨ Brookfield Asset Management - Quantitative Strategist | a leading global alternative asset manager with over $925 billion of assets under management.
Upcoming Events
📆 7/17 IMC Virtual Events: Exploring the Interplay between Trading and Esports | explore the dynamic relationship between trading and esports with IMC traders.
📆 7/29 Citadel Summer Invitational Datathon | split into teams to work through a large and complex dataset, then present your findings to a panel of judges.
Educational Resources
🚀 [Quant Trader] How the Economic Machine Works by Ray Dalio | a video breakdown of Dalio's practical template for understanding the economy.
🚀 [Quant Researcher] The Statistics of Sharpe Ratios | a research paper that aims to answer the fundamental question of “How accurately are Sharpe ratios measured?”
🚀 [Quant Developer] Welcome to Comprehensive Rust | A free Rust course developed by the Android team at Google.
Weekly Quant Puzzles
Question #1 - Probability
Jim will roll a fair, six-sided die until he gets a 4. What is the expected value of the highest number he rolls through this process?
Quote of the Week
“I want tension in my business. Tension creates change. Change is necessary to evolve and prosper. I am never satisfied.” - Ken Griffin