OpenQuant Newsletter - Edition #73
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
📰 Bridgewater starts a $2 billion fund that uses machine learning for decision-making. The new fund highlights a broader venture led by chief investment officer Greg Jensen, to double down on proprietary machine learning technology.
📰 Quant Trader Worth $11 Billion Builds Firm to Manage XTX Riches. Billionaire Alex Gerko, founder of XTX Markets, has set up a personal investment firm called Cromulon Capital to help manage his rapidly growing fortune.
Our Top Internships
✨ PDT Partners - Software Engineering Intern | a quantitative asset management firm that uses a science-based methodology to find inefficiencies in the markets.
✨ Bank of America - Global Quantitative Analytics Intern | an American multinational investment bank and financial services holding company.
✨ Vatic Labs - Quantitative Researcher Intern | a global liquidity provider, where traders & technologists develop trading agents and cutting-edge technology.
✨ Tower Research Capital - Quantitative Trader Intern | a company that has built some of the fastest, most sophisticated electronic trading platforms in the world.
Our Top Full-Time Positions
✨ Voloridge Investment Management - Quant Trader | a quantitative & systematic investment firm using data science and mathematics to exploit alpha in the markets.
✨ Aquatic Capital Management - Software Engineer (Python) | a firm that manages investment strategies, combining an R&D platform with disciplined risk management
✨ Optiver - Graduate Quantitative Researcher | a global market maker working to make the world's markets fairer, more transparent, and more efficient for everyone.
✨ Bridgewater Associates - Research Associate, Asia Equities | a premier asset management firm, focused on delivering unique insight and partnership.
Upcoming Events
📆 8/7 IMC Summer Series- Interview Tips: Secrets for Success | learn the strategies and insights needed to excel in both technical and behavioral interviews at IMC.
📆 10/12-10/13 IMC Trading - UK Masterclass | learn about the world of high-frequency trading at IMC and engage in hands-on learning experiences.
Educational Resources
🚀 [Quant Trader] Option Volatility and Pricing | learn the trading strategies and risk management techniques required for success in option markets.
🚀 [Quant Researcher] Visualizing the stock market structure | an article on how to use scikit-learn to extract stock market structure from variations in historical quotes.
Weekly Quant Puzzles
Question #1 - Brainteaser
Your neighbor has 3 children and you always forget how old they are. However, you know their ages are all different, and the oldest is at most 15 years old while the youngest is at least 7. How many possibilities are there for their ages?
Quote of the Week
“Truth - more precisely, an accurate understanding of reality - is the essential foundation for producing good outcomes.” - Ray Dalio