OpenQuant Newsletter - Edition #91
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
📰 Abu Dhabi’s $1 Trillion Fund Rejigs is Leaning in on Quant Strategy | Abu Dhabi’s $1 trillion wealth fund is embracing an increasingly scientific approach to investing, leaning more on its own quant team to speed up decision-making.
📰 Quant Hedge Funds Are Losing Their Edge in China | China’s hedge funds risk ending years of outperforming the market, after a surge in local stocks spurred by the government’s stimulus package beat their models and squeezed short positions.
Our Top Internships
✨ Belvedere Trading - Quantitative Researcher Intern | a leading proprietary trading, specializing in equity index and commodity derivatives.
✨ Maverick Derivatives - Trading Intern 2025 | a proprietary trading firm founded by experienced high-frequency traders in 2017.
✨ Pimco - Quant Research Analyst Intern | a global leader in active fixed income with deep expertise across public and private markets.
✨ Allstate - Investments Quantitative Analyst Intern | a leading provider of supplemental insurance coverage to over 50k groups.
Our Top Full-Time Positions
✨ Flow Traders - Software Engineer, C++ | a global trading firm driving transparency and efficiency in financial markets.
✨ Belvedere Trading - Quantitative Researcher, Entry-Level | a leading proprietary trading, specializing in equity index and commodity derivatives.
✨ Aquatic Capital - Quantitative Researcher | a firm that manages systematic investment strategies, combining a high-performance research and development.
✨ Two Sigma - Quantitative Researcher, ETFs & Passive Flows | a financial sciences company that uses data science, tech, and human inquiry to solve challenges in finance
Upcoming Events
📆 DE Shaw & Co - Nexus Fellowship | a finance & technology fellowship for second-year college students in undergraduate programs at a U.S college.
Educational Resources
🚀 [Quant Trader] Dark Pools | a book covering the rise of AI systems that execute trades in milliseconds and out-maneuver the humans who've created them.
🚀 [Quant Researcher] CS288: Natural Language Processing | a free course on the methods and models for the analysis of natural (human) language data.
🚀 [Quant Developer] GPU Sharing | a discussion on spatial and temporal sharing of GPUs - how one can run multiple applications on the same accelerator hardware.
Weekly Quant Puzzles
Question #1 - Statistics
A donut shop has 25 different bakers, each of whom bake donuts. Each baker's output is independent from the others. It so happens that the standard deviation in donut output for each baker is 10. What is the standard deviation in the average number of donuts made by a baker?
Quote of the Week
“As far as the laws of mathematics refer to reality, they are not certain, and as far as they are certain, they do not refer to reality.” - Albert Einstein