OpenQuant Newsletter - Edition #80
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
📰 Two Sigma’s Feuding Founders Step Down, New CEOs Taking Over | The billionaire founders of Two Sigma Investments are stepping down from day-to-day management after feuding for years and handing control to two new CEOs.
📰 Ken Griffin Unveils new Plan for Citadel Headquarters | Ken Griffin plans to build a 54-story global headquarters in Miami’s Brickell district for his two companies, hedge fund Citadel and market maker Citadel Securities.
Our Top Internships
✨ AQR Capital - Research Summer Analyst | a global investment management firm dedicated to delivering results for its clients.
✨ Verition Group - Quantitative Strategies Internship | a multi-strategy, multi-manager hedge fund founded in 2008, focusing on global investment strategies.
✨ Wells Fargo - Quantitative Analytics Internship | an American multinational financial services company with a significant global presence.
✨ Northwestern Mutual - Quantitative Analyst Intern | a financial partner that offers personalized plans, top-rated services and life insurance.
Our Top Full-Time Positions
✨ DRW - Equities Quantitative Trader | a diversified trading firm innovating across both traditional and cutting-edge markets.
✨ Maven Securities - Junior Linux Engineer | a trading firm, allocating internal capital between discretionary, systematic and market-making strategies.
✨ Citi Bank - Quantitative Analyst | one of the world's leading international banks who develops new ways to make global banking easier.
✨ Capstone Investment Advisors - Treasury Quant | an American investment management firm headquartered in New York City.
Upcoming Events
📆 Jane Street FTTP | learn about Jane Street’s innovative trading and technology models through a series of classes and a team-based mock trading simulation game.
Educational Resources
🚀 [Quant Researcher] What the interns have wrought, 2024 edition | an annual review of what projects Jane Street interns worked on during their internship.
🚀 [Quant Researcher] Graduate Research Fellowship | a fellowship for students currently pursuing a PhD in computer science, mathematics, physics, or statistics.
🚀 [Quant Developer] Ask an Algorithm Developer | six algo-developers from HRT reflect on their roles, our culture of curiosity, and their advice to industry newcomers.
Weekly Quant Puzzles
Question #1 - Brainteaser
A truck driver has been tasked with transporting 3000 apples between towns A and B, which are 1000 miles apart. However, if the truck driver is driving while there are apples in his truck, he will eat them at a rate of 1 apple per mile. The truck has a maximum capacity of 1000 apples at any one time. The driver may deposit apples at any point between A and B.
How can he get the maximum possible number of apples from town A to town B?
Quote of the Week
“I've often thought of successful entrepreneurs as individuals who have just the right expertise - at just the right moment - to solve the emerging problems of their time.” - Ken Griffin