OpenQuant Newsletter - Edition #77
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
📰 Sports Trading Co. Stratagem Raises a £25 Million Fund to Bet on Sports | The company, set up by an ex-hedge funder, uses artificial intelligence to analyze football, tennis, and basketball games to identify betting opportunities.
📰 Balyasny Spends Millions as Hedge Funds Scrap for Talent | Balyasny's $200 million-plus in payouts to recruit senior money managers underscores the desperate scramble for top-flight talent in the hedge fund industry.
Our Top Internships
✨ Millennium Management - Quantitative Research Intern | a global, diversified investment firm with the mission to deliver high-quality returns for investors
✨ Millennium Management - Software Engineer Intern | a global, diversified investment firm with the mission to deliver high-quality returns for investors
✨ Marshall Wace - Technology Intern | a British hedge fund and leading provider of alternative investment solutions.
✨ Arrowstreet Capital - Quantitative Researcher Intern | a quantitative investment firm that utilizes research and technology as the foundation of its investment process.
Our Top Full-Time Positions
✨ Old Mission Capital - Junior Quantitative Researcher (PhD) | a firm focused on providing liquidity in all exchange-listed asset classes.
✨ Affirm - Quantitative Analyst | a company focused on improving the lives of consumers by delivering simple, honest, and transparent financial products.
✨ Falcon X - Quantitative Developer | a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets.
✨ Voleon Group - Production Engineer, Fixed Income | an American quantitative investment management firm based in Berkeley, California.
Upcoming Events
📆 SIG - Quantitative Trading Discovery Day: 2025 | learn about a day in the life of a trader via panel discussions, meet and greets with employees, and gaming sessions.
📆 Flow Traders - E-House day: Trading | gain valuable insight into the world of trading with a Trader and Recruiter at Flow.
Educational Resources
🚀 [Quant Researcher] Quantitative Portfolio Management | a systematic review of the quantitative trading of equities, or statistical arbitrage.
🚀 [Quant Researcher] Extrinsic Hallucinations in LLMs | a deep dive article covering the causes and solutions to extrinsic hallucinations in LLMs.
🚀 [Quant Researcher] Attention in Transformers - Visually Explained | a video demystifying “attention” - the key mechanism inside transformers and LLMs.
Weekly Quant Puzzles
Question #1 - Probability
Two players take turns rolling two six-sided dice. Player A goes first, followed by player B. If player A rolls a sum of 6, they win. If player B rolls a sum of 7, they win. If neither rolls their desired value, the game continues until someone wins. What is the probability that player A wins?
Quote of the Week
“Pure mathematics is, in its way, the poetry of logical ideas.” - Albert Einstein