OpenQuant Newsletter - Edition #88
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
📰 Ken Griffin Sells 79% of Citadel’s Stake in Nvidia; Buys Palantir | Griffin and his crew shed 79% of their fund's stake in Nvidia while increasing their stake in Palantir by roughly 1,140% during the second quarter.
📰 ‘Mac’ McQuown, banker behind the first index fund, dies at 90 | John McQuown, who started a $12 trillion financial revolution with the creation of the first index fund, has passed away at the age of 90.
Our Top Internships
✨ Schonfeld - 2025 Quant Research Summer Intern | a global multi-manager platform investing capital with Internal and Partner portfolio managers.
✨ Optiver - Trading Operations Analyst Intern | a tech-driven trading firm improving financial markets by providing liquidity to exchanges across the globe.
✨ AQR - Software Engineering Summer Analyst | a global investment management firm dedicated to delivering results for our clients.
Our Top Full-Time Positions
✨ Wolverine Trading - Quantitative Trader | a proprietary trading group engaged in market making and valuation arbitrage across global markets
✨ Anti Capital - Research Infrastructure Engineer | a firm that manages digital assets, provides liquidity, and handles proprietary trading.
✨ Valkyrie Trading - Python Engineer | a firm developing and innovating on quantitative trading systems.
✨ Old Mission Capital - Full Stack Junior Engineer | a global, multi-asset market maker, specializing in dynamically valuing individual securities.
Upcoming Events
📆 Weiss Asset Management 2025 Underclassman Fellowship | a two-day intensive program designed for underclassmen interested in a career in finance.
Educational Resources
🚀 [Quant Researcher] Introduction to Statistical Learning (Python) | a broad and less technical treatment of key topics in statistical learning.
🚀 [Quant Trader] CBOE Options 101 | a quick guide on understanding options and how to incorporate them in your portfolio.
🚀 [Quant Developer] uv: An Extremely Fast Python Package Manager | a Jane Street tech talk on a next-generation Python package manager written in Rust.
Weekly Quant Puzzles
Question #1 - Probability
A bear wants to catch 3 fish from a river. Upon catching 3 fish the bear leaves. When a fish comes, there is a 1/2 chance he'll catch it. What is the probability that the fifth fish will not be caught?
Quote of the Week
“Gambling is entertainment... Financial markets, what one often refers to as speculation, is really the force by which we move capital to the best and highest use.” - Kenneth Griffin