OpenQuant Newsletter - Edition #84
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
📰 Dubai Seeks to Fast-Track Hedge Fund Boom with New Platform | Capricorn Fund Managers, a regulatory hosting provider, has launched a new platform in Dubai that will offer hedge funds a fast-track to setting up operations in the emirate.
📰 NYC Poker Night Draws in Quants and Traders | This past Thursday evening, Manhattan’s hedge fund set filtered into the old Greenwich Savings Bank building near Herald Square for a night of poker, with seats at the tournament starting at $3000.
Our Top Internships
✨ Blockhouse - Fixed Income Quant Research Intern | a financial data platform enhancing best execution with complex post-trade data visualizations.
✨ Schonfeld - 2025 Quant Research Summer Intern | a global multi-manager platform investing capital with Internal and Partner portfolio managers.
Our Top Full-Time Positions
✨ Schonfeld - Quantitative Researcher | a global multi-manager platform investing capital with internal and partner portfolio managers.
✨ Arrowstreet Capital - Quantitative Developer, Associate | a team of researchers, technologists, and traders who design a systematic investment process.
✨ Belvedere Trading - Quantitative Trader, Entry Level | a leading proprietary trading firm, specializing in equity index and commodity derivatives.
✨ Optiver - Machine Learning Researcher | a proprietary trading firm and market maker for various exchange-listed financial instruments.
Upcoming Events
📆 10/23 - Cubist Quant Academy Meet & Greet | Cubist Systematic Strategies is hosting a meet and greet at the New York City office.
Educational Resources
🚀 [Quant Trader] A Collection of Dice Problems | a collection of dice questions that resemble those that may appear in quant trading interviews.
🚀 [Quant Trader] OpenQuant Game Room | a series of fast-paced math and brain games to prepare for you next Quant Trading interview.
🚀 [Quant Researcher] Essentials of Stochastic Processes | a first course in stochastic processes covering Markov chains, martingales, and options pricing.
Weekly Quant Puzzles
Question #1 - Probability
You have a basket with an assortment of fruits. Inside this basket, there are 10 apples, 20 oranges, and 30 peaches. You take out fruits one by one and at random. What is the probability that there will be at least 1 orange and 1 peach in the basket after you've taken out all the apples?
Quote of the Week
“What will limit us is not the possible evolution of technology, but the evolution of human purposes.” ― Stephen Wolfram, Computation and the Future of the Human Condition