OpenQuant Newsletter - Edition #79
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
📰 AQR Gets $350 Million for Fund Pitching Long-Short ESG Bets | the firm has now attracted about $350 million for its Adaptive Equity Market Neutral UCITS Fund, designed to short stocks that have poor ESG profiles.
📰 Senior Millennium Traders Depart Amid Energy Team Changes | senior fuels trader and three other traders at Millennium Management are departing the hedge fund amidst changes to the energy team.
Our Top Internships
✨ Hudson River Trading - Algorithm Development Intern | a multi-asset class quantitative trading firm that provides liquidity on global markets.
✨ Aquatic Capital Management - Quantitative Researcher Intern | a firm using applied research and AI to build investment strategies.
✨ Chicago Trading Company - Quant Trading Associate Intern | a team of traders, quants, technologists, and operations professionals.
✨ Global Atlantic Financial Group - 2025 Actuarial Intern | a leading retirement and life insurance company offering financial protection.
Our Top Full-Time Positions
✨ GTS - Quantitative Trader, Futures | a firm trading over 30,000 financial instruments globally, serving many of the world's leading financial institutions.
✨ Gelber Group - Financial Quantitative Analyst | a private firm operating in a variety of asset classes including foreign exchange, fixed income and equities.
✨ BlackRock - Associate Quantitative Researcher | one of the world's leading providers of investment, advisory and risk management solutions.
✨ Scientech Research - Junior Quantitative Researcher | a quantitative trading firm embodied by a group of scientists and technologists.
Upcoming Events
📆 2024 CME Group University Trading Challenge | an electronic trading competition that allows students to experience the environment of real-time trading.
Educational Resources
🚀 [Quant Developer] Building Robust Codebases with Python's Type Annotations | an inside look into Hudson River Trading’s Python code base structure.
🚀 [Quant Trader] Market Structure Matters | a discussion on the evolution of Virtu Financial’s business and market structure changes over the past decade.
🚀 [Quant Researcher] Causal Inference in Data Science | a crash course on common methodologies used for observational causal inference.
Weekly Quant Puzzles
Question #1 - Probability
Two players, Philip and Brandon, have a 30-side and 20-side dice, respectively. Each player rolls their dice and the player with the highest role wins (Brandon also wins in the event of a tie). The loser of the game pays the winner an amount equivalent to the value of the winner's dice roll. What is the expected value for the payoff of Philip?
Quote of the Week
“The advantage scientists bring to the table is the scientific method, which attempts to look at a situation objectively and avoid bias.” - Jim Simons