OpenQuant Newsletter - Edition #75
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
📰 Macro Hedge Funds to Dump $45 Billion in Equities, says Morgan Stanley | Computer-driven macro hedge fund strategies on Wednesday sold $20 billion in equities and are set to shed at least $25 billion more over the next week.
📰 Alpaca Partners with Citadel Sec. to Unlock Japanese Investor Demand for US Stocks Trading | this will provide Japanese brokers with world-class trade execution, scalable recordkeeping systems, and localized system integrations.
Our Top Internships
✨ Jane Street - Quantitative Trader Intern | a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem-solving.
✨ Akuna Capital - Quantitative Trader Intern | an innovative trading firm with a strong focus on collaboration, cutting-edge technology, and data-driven solutions.
✨ Akuna Capital - Quantitative Researcher Intern | an innovative trading firm with a strong focus on collaboration, cutting-edge technology, and data-driven solutions.
✨ Squarepoint Capital - Quantitative Researcher Intern | a data and technology-driven firm developing trading systems that execute across global financial markets.
Our Top Full-Time Positions
✨ GTS - Quantitative Trader | a collection of financial services companies spanning powered by market expertise with innovative, proprietary trading technology.
✨ Two Sigma - Quantitative Researcher: Fast Forecasting | a hedge fund that uses artificial intelligence, ML, and distributed computing, for its trading strategies.
✨ Bayview Asset Management - Quantitative Researcher, Special Projects | an investment management firm focused on investments in mortgage/consumer credit
✨ B2C2 - Quantitative Trader: Options | a digital asset pioneer building the ecosystem of the future.
Upcoming Events
📆 8/28 - IMC Trading Summer Series - Fostering Collaboration in a Competitive Environment | explore strategies, insights, and best practices for fostering a culture of collaboration that drives collective success amidst competition.
Educational Resources
🚀 [Quant Trader] Quant Math Games | a series of math and brain games to help you prepare for upcoming quant trading interviews.
🚀 [Quant Researcher] Manifolds - A Gentle Introduction | a brief introduction to the study of manifolds from a differential geometry perspective.
🚀 [Quant Developer] From the Lab to the Trading Floor: Designing for Experts | a conversation about user-centered design and the tradeoffs between GUIs and CLIs.
Weekly Quant Puzzles
Question #1 - Brainteaser
You are the portfolio manager of a fund worth $75 million. Your fund has 5 possible asset classes that it can invest in:
Equity Options
Commodity Futures
Fixed Income
Event Contracts
Cryptocurrencies
How many ways can you invest all $75 million into these five asset classes in increments of $1 million? As an example, one investment strategy may be:
Equity Options - $7 million
Commodity Futures - $35 million
Fixed Income - $20 million
Event Contracts - $12 million
Cryptocurrencies - $1 million
Quote of the Week
“If people do not believe that mathematics is simple, it is only because they do not realize how complicated life is.” - John von Neumann