OpenQuant Newsletter - Edition #95
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
📰 British Hedge Fund Founder Jailed Over $1.3 Billion Tax Scam in Denmark | A Danish court has sentenced a British hedge fund trader to 12 years in prison in connection with what authorities say was a 9 billion kroner ($1.3 billion) tax fraud.
📰 Legendary Investor Ray Dalio Owns Crypto But Prefers Gold | Dalio stated “the reason I'm concerned about crypto is, first of all, privacy, the government knows exactly what you've got, where it is, and it's also an effective way of taxing it”.
Our Top Internships
✨ Schonfeld - 2025 Quant Research Summer Intern | a global multi-manager platform investing capital with Internal and Partner portfolio managers.
✨ Chatham Financial - 2025 Business Quantitative Analyst Internship | a global leader in financial risk management, specializing in the debt and derivatives markets.
Our Top Full-Time Positions
✨ Hudson River Trading - Experienced C++ Developer | a multi-asset class quantitative trading firm that provides liquidity on global markets.
✨ BlueCrest Capital Management - Quantitative Analyst | an investment firm focused on fixed income macro trading.
✨ Bloomberg - Senior Quantitative Developer | a firm that connects decision makers to a dynamic network of data, delivering business and financial information.
✨ Millennium Management - Portfolio Researcher | a global, diversified alternative investment firm with the mission to deliver high-quality returns for our investors.
Upcoming Events
📆 Citadel Securities Trading Invitational | apply your quantitative skills to a simulated scenario while gaining insights into the day in the life of a real trader.
Educational Resources
🚀 [Quant Trader] Jane Street - Figgie | a fast-paced game that simulates exciting elements of markets and trading.
🚀 [Quant Researcher] Quantitative Trading | Dr. Ernest Chan shares how to apply time-tested and novel quant trading strategies to develop your own trading firm.
🚀 [Quant Developer] The Future of Fast Code | a great talk from Jonathan Kelley on the pressure around parallelism and hardware.
Weekly Quant Puzzles
Question #1 - Probability
A standard white 3 x 3 x 3 rubik’s cube is dipped into paint so that its entire external surface is colored red. Then, we explode the rubik’s cube, sending all 27 unit cubes flying everywhere. We inspect one in particular, which is lying face down. No faces are red.
What is the probability that this cube was the center one?
Quote of the Week
“Bailing out every bank that fails makes the system riskier, not safer.” - Nassim Nicholas Taleb