OpenQuant Newsletter - Edition #99
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
📰 Millennium Hedge Fund Spinoff Modular Expands to Hong Kong | Modular Asset Management (currently managing $1.5B+) plans to expand to Hong Kong, the latest hedge fund arrival as the city tries to defend its status as a global financial hub.
📰 Haidar’s Hedge Fund Loses 33% With Assets Plunging by $4 Billion | Hedge fund manager Said Haidar’s Jupiter fund slumped 32.7% last year, according to an investor update seen by Bloomberg News, extending the 43.3% plunge in 2023.
Our Top Internships
✨ Tower Research Capital - Quantitative Trader Intern (PhD) | a firm that specializes in high-frequency trading, algorithmic trading, and hedge fund management.
✨ Kershner Trading - Trading Desk Internship | a proprietary trading and tech firm, providing capital, trading apps and infrastructure to manual and algorithmic traders.
Our Top Full-Time Positions
✨ Mesirow - Quantitative Trader / Coder | an independent financial services firm that is committed to investing in our clients.
✨ Tower Research Capital - Quantitative Trader / Researcher | a firm that specializes in high-frequency trading, algorithmic trading, and hedge fund management.
✨ Hudson River Trading - Experienced C++ Developer | a multi-asset class quantitative trading firm that provides liquidity on global markets.
✨ DRW - Equities Quantitative Trader | a diversified trading firm innovating across both traditional and cutting-edge markets.
Upcoming Events
📆 Jane Street First-Year Trading and Technology Program | learn about Jane Street’s innovative trading models through classes and a team-based mock trading game.
Educational Resources
🚀 [Quant Trader] The ETF Handbook | a comprehensive handbook for using Exchange Traded Funds and improving ETF profitability.
🚀 [Quant Researcher] AI Agents: Overview | an overview of the aspects that determine the capabilities of an AI assistant and how to evaluate these capabilities.
🚀 [Quant Developer] Zero to Production in Rust | an introduction to backend development using the Rust programming language.
Weekly Quant Puzzles
Question #1 - Probability
You walk into a casino and play a game with the dealer. You and the dealer are each dealt a card from a fair, shuffled deck of 52 cards. If you have a strictly larger number than the dealer you will win, otherwise you will lose. What is the probability that you win?
Quote of the Week
“Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance.” - Daniel Kahneman, Thinking, Fast and Slow