CoachQuant Newsletter #7
Latest in Quant News, Job Opportunities, Future Events, Brain Teasers, and More!
Hey there Quants!
Quant News – Dive into breaking news in the quant industry.
Brain Teaser of the week – Practice with weekly brain teasers.
Weekly Quant Jobs – Discover the latest internships and full-time jobs in quant.
Quant Events – Find events to meet fellow quants.
Educational Resources – Latest research papers & courses to learn quant concepts.
Quant News
🤖 Quant trading head joins Millennium after 21 years in banking to work on risk. Jeff Berton, a veteran quant trader with over 20 years in banking, has joined Millennium as the global head of equity volatility risk after previously leading teams at Citi, Credit Suisse, and JPMorgan. His move from trading to risk management highlights a growing trend of quants transitioning into risk roles at hedge funds, which can offer intellectually fulfilling and long-term career opportunities.
🏢 Chinese Quant Whiz Built DeepSeek In The Shadow Of a Hedge Fund Rout Chinese quant investor Liang Wenfeng, known for his AI-driven hedge fund Zhejiang High-Flyer Asset Management, has launched DeepSeek, a groundbreaking AI startup that threatens the global AI supply chain. Despite previous financial setbacks, DeepSeek's rapid rise and breakthrough technology have triggered massive market reactions, wiping out nearly $1 trillion in stock value from companies like Nvidia.
💊 Chaotic Market Burns Hedge Fund Strategies in February Hedge funds, including Millennium Management and Citadel, faced lackluster returns in February due to market volatility and overcrowding in popular stocks, particularly in the tech and healthcare sectors. While some firms like Balyasny Asset Management and Dymon Asia Capital posted gains, others, including Jain Global and Haidar Jupiter Fund, suffered losses, highlighting the challenges of navigating the turbulent market.
Brain Teaser of the Week
Teaser: A meeting is organized for parents who have at least one girl. Jane, who has two kids, is among the attendees. What is the probability that both of Jane's children are girls?
Click here for the solution!
Weekly Quant Jobs
🖥️ Quantitative Researcher at Point72 – Apply Here
🛠️ Quantitative Analyst at NextEra Energy – Apply Here
🔍 Quantitative Developer - Python at Susquehanna International Group – Apply Here
📊 Quantitative Researcher – Master's: 2025 at Susquehanna International Group – Apply Here
⚖️ Quantitative Analyst at JP Morgan Chase – Apply Here
📈 Strategic Associate at Xantium Group - Apply Here
🖥️ Quantitative Researcher Intern at ExodusPoint – Apply Here
📊 Systems Engineer Intern at TransMarket Group – Apply Here
🛠️ Junior Analyst, Middle Office at Graham Capital Mangement – Apply Here
⚖️ Equities Quantitative Trader at DRW – Apply Here
Educational Resources
This weeks pics on quantitative finance research papers to check out:
The geometry of multi-curve interest rate models: explores multi-curve interest rate models using a geometric approach, extending prior work on single-curve models. Authors Claudio Fontana, Giacomo Lanaro, and Agatha Murgoci examine model consistency, finite-dimensional realizations, and practical calibration methods.
Relative entropy-regularized robust optimal order execution: explores order execution as a relative entropy-regularized robust optimal control problem. Authors Meng Wang and Tai-Ho Wang develop a framework where a trading agent maximizes profit while minimizing inventory risk under market uncertainty, modeled using the least relative entropy principle.
A social media alert system for meme stocks: presents a social media alert system designed to detect coordinated trading activity in meme stocks. Authors Ilaria Gianstefani, Luigi Longo, and Massimo Riccaboni analyze Reddit data, using a two-stage approach to identify unusual social media activity and potential market manipulation.
Quant Events
Ithaca Mystery Planet: March 15, 2025
Game Night at CMU!: March 25, 2025
QuantMinds International 2025: November 17–20, 2025 @ InterContinental O2, London