OpenQuant Newsletter - Edition #81
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
📰 Brazil Hedge Fund “Ace Capital” Buys Quant Firm Saires Capital | the hedge fund, run by former traders at Banco Santander SA's Brazil unit, is acquiring the quantitative firm to expand its computer-driven investing.
📰 Ex-Quant’s AI Chip Startup Eyes 2025 IPO | South Korean startup Rebellions, founded by a former Quant at Morgan Stanley, is planning to go public in 2025 to capitalize on booming demand for chips used in modern AI.
Our Top Internships
✨ Valkyrie Trading - Quantitative Researcher Intern | a firm dedicated to tackling the complex and practical challenges of the financial markets.
✨ Chatham Financial - 2025 Quantitative Analyst Intern | a global leader in financial risk management, specializing in the debt and derivatives markets.
✨ NextEra Energy - Quantitative Analyst Intern | a leading clean energy company headquartered in Juno Beach, Florida.
Our Top Full-Time Positions
✨ Akuna Capital - Quantitative Researcher | a trading firm with a strong focus on collaboration, cutting-edge technology, data-driven solutions and automation.
✨ Two Sigma - Quantitative Researcher: Machine Learning | a financial sciences company that combines advanced technology and data science in the markets.
✨ Old Mission Capital - Software Engineer, Research Infra | a quantitative market making firm with a unique history of developing new strategies from scratch.
✨ Valkyrie Trading - Junior Derivatives Trader | a firm dedicated to tackling the complex and practical challenges of the financial markets.
Upcoming Events
📆 Point72 Academy National Case Competition | showcase your investing skills by presenting a stock pitch to Point72 with a team from your university.
📆 Point72 Future of Finance Accelerator | a virtual, multi-week immersion, to kickstart your career in investing.
Educational Resources
🚀 [Quant Researcher] Advances in Financial Machine Learning | learn to understand and implement the latest ML innovations to improve your investment performance.
🚀 [Quant Developer] Jane Street ICFP 2024 | an overview of the papers that Jane Street is involved in for the International Conference on Functional Programming.
🚀 [Quant Developer] Teach Yourself Computer Science | a definitive guide on the best books / lecture series to learn the fundamental concepts in computer science.
Weekly Quant Puzzles
Question #1 - Statistics
Suppose you roll three fair 100-sided die. What is the expected value of the lowest roll?
Quote of the Week
“At the end of World War II, the average holding period for a stock was four years. By 2000, it was eight months. By 2008, it was two months. And by 2011 it was twenty-two seconds, at least according to one professor’s estimates. One founder of a prominent high-frequency trading outfit once claimed his firm’s average holding period was a mere eleven seconds.” - Scott Patterson, Dark Pools