OpenQuant Newsletter - Edition #85
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
📰 Hedge Fund Two Sigma Opening Real Estate Unit to Outside Capital | Two Sigma is preparing to raise money for a real estate fund that taps the firm’s expertise in data science, opening what had been an internal operation to outside capital.
📰 Hedge Fund Managers at AQR Donate $50 Million to UChicago | Clifford Asness and John Liew, hedge fund managers with five University of Chicago degrees between them, are giving $60 million to their alma mater.
Our Top Internships
✨ Geneva Trading - Quantitative Risk Analyst Intern | a trading company with best-in class technology, high-fidelity data, and a proven track record of incubating talent.
✨ Old Mission Capital - Quant Trader Micro Internship | a quantitative market making firm with a unique history of developing new strategies from scratch.
✨ Two Sigma - Quantitative Researcher Internship | a New York City-based hedge fund that uses a variety of technological methods to invest in the markets.
Our Top Full-Time Positions
✨ Hudson River Trading - Systems Software Engineer | a multi-asset class trading firm that provides liquidity on global markets and directly to our clients.
✨ Tower Research Capital - Machine Learning Engineer | a high-frequency trading, algorithmic trading, and financial services firm.
✨ Susquehanna International Group - Quantitative Researcher | a privately held, global trading and technology firm.
✨ GSA Capital - Quantitative Researcher | a quantitative trading firm focused on systematic trading across equity, futures, and foreign exchange markets globally.
Upcoming Events
📆 GSA Spark Competition | compete with other students in a race to shut SPARK down before it finds a way to dominate every electronic trading market in the world.
Educational Resources
🚀 [Quant Developer] Developer Education at Jane Street | an overview of how Jane Street teaches developers through an apprenticeship model & classroom style learning.
🚀 [Quant Researcher] Polars User Guide | a blazingly fast data frame library for manipulating structured data and performing quantitative analysis.
🚀 [Quant Developer] Python Design Patterns | a collection of design patterns in the Python programming language.
Weekly Quant Puzzles
Question #1 - Probability
There are five boxes: one with $150, the rest are empty. At any time, you may pay X dollars to open one of the boxes and keep the contents. Assuming you continue paying until you find the box with the money, what is the value X (in dollars) that makes the game fair?
Quote of the Week
"If past history was all there was to the game, the richest people would be librarians."
- Warren Buffett