The start of the summer marks the beginning of Quantbot’s intern season, which kicked off on Tuesday, June 3rd with a “meet the team” get-together in the New York office.
All of the partners were in attendance, including our global partners from the London and Hong Kong offices! Paul started the evening with an inspiring speech that set a wonderful tone for the night, as everyone chatted and got to know each other better over a delicious spread of food.
We welcomed 10 new interns in New York this year, and look forward to seeing their development and growth at Quantbot in the coming months!
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The Quantbot Annual Company dinner took place on Wednesday, May 7th at L'Avenue at Saks, with the New York office in attendance to enjoy great food and conversation with colleagues.
Attendees were greeted into the gorgeous venue with drinks before having a lovely seated dinner.
This year, we decided to introduce the new "Quantbot Team Choice Awards," giving staff the opportunity to vote within three categories for their hard-working colleagues to honor a few standout individuals.
Iris was awarded most year over year growth, Lily was celebrated for best demonstration of the Quantbot culture day in and day out, and Amy took home the MVP of 2024 award. Congrats to all of the amazing winners!
Everyone had an incredible time at the event, and we are already looking forward to getting together next year for the Quantbot dinner!
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On April 10th, members of the Quantbot team had the pleasure of attending the Joy of Sake annual tasting event at the Metropolitan Pavilion in New York City. This much-anticipated event is a celebration of sake culture, featuring an incredible selection of premium sakes—over 500 labels from across Japan and the U.S.—alongside mouthwatering small plates from some of NYC’s top restaurants.
Our team enjoyed the opportunity to explore the wide range of flavors, styles, and brewing techniques that make sake such a unique and versatile beverage. It was a great night out for the Quantbot crew, and we’re already looking forward to next year’s Joy of Sake!
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On April 2nd, Quantbot wrapped up their financial year with a bang! The company decided to host dinner and drinks in the office to celebrate the success of the firm over the last year. Everyone gathered together to toast to the hard-working employees before enjoying a delicious catered meal. The group had a wonderful time together, acknowledging the achievements made within the company. Here’s to another great year at Quantbot!
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As August, and summer, slowly comes to a close our interns will inevitably depart for new academic years or adventures ahead. While most of our interns are still around, we threw a casual pizza and build-your-own-sundae night. It was great to see our interns, strangers to us and each other a mere three months ago, comfortably mingle with their teams and Quantbot employees. As interns complete their projects we hope they can take the experience and accomplishments from this summer into their future successful careers.
A big thank you to all our amazing interns this year 👏
You can’t be in NYC without getting some NY style pizza!
Our incredible admin Lily being Queen of the Ice Cream
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This week our summer interns had the opportunity to go on a walking history and food tour of Lower Manhattan. Starting at the African Burial Ground National Monument, we then walked through Foley Square to get to Chinatown, where we stopped for our first food stop, fried dumplings.
Starting the tour in front of the African Burial Ground
Crossing over Canal Street, we walked through Little Italy, and after a sit down pizza break, we continued the tour toward the Bowery and the Lower East Side, where we tasted knishes from a Jewish bakery that’s over 100 years old. In each neighborhood we learned about the lives of African, Irish, Chinese, Italian and Jewish immigrants in NYC, their trials and triumphs moving to a new home and how they in turn shaped the city and the country.
Walking through Chinatown on our way to Little Italy
Finishing off our tour at a German beer garden, we hope the interns got a chance to see and appreciate some of the many iconic neighborhoods New York has to offer. At the very least they certainly got plenty to eat!
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On Friday April 19, Quantbot was thrilled to participate in Schonfeld’s Early Engagement Summit PhD Datathon. Using Code Willing’s dynamic data processing and modeling platform, PhDs from around the country worked in competing groups to find and model alpha signals from pre-determined datasets. This event gave PhD candidates, whose disciplines ranged from Mathematics and Statistics to Economics, the opportunity to test quantitative methods on real financial data, and to encourage their future engagement in the Quant space.
Ashar welcomes PhD candidates before the Schonfeld Datathon
Quantbot employee, Greg, mentors his team through the Schonfeld Datathon
The winning Schonfeld Datathon team
Since everything comes better in pairs, the very next day Quantbot sponsored a separate Datathon at Carnegie Mellon, also powered by Code Willing’s platform. Participating students came from either CMU’s Computational Finance Master's program (MSCF) or their undergraduate Math program. It was a victory for MSCF since a group of their students took home the top prize, but the 2nd-place undergraduates were equally competitive. After introducing the students to each competition, Ashar Mahoob, Quantbot’s CIO, handed out the prizes on both days to the winning teams. We were thrilled to foster an interest in Quant Finance in all the students, from PhD to undergrad, and we hope they will consider it as a viable career option. We are excited to repeat our success in future!
Quantbot mentor, Rui, celebrates with her winning team at the CMU Datathon
The official victory photo of the CMU Datathon-winning team
Some thoughts from the Quantbot mentors:
Mentoring cwiq-team-central was extremely rewarding. They are a bright and enthusiastic group of students who worked together quite well and sought my guidance regularly. I think the most important lessons I hope the team took away are how rich the field of alpha research is in terms of the breadth of both datasets and the machine learning techniques that can be applied, and how powerful Quantbot’s platform is for quickly developing new ideas and evaluating their performance. – Greg Sternberg
It was a rewarding experience mentoring the winning team, cwiq-team-code. They were a group of motivated young professionals who were highly collaborative and eager to learn. I was amazed by the abundance of brilliant ideas they tested in such a short time. The Quantbot platform proved indispensable in handling these computationally heavy and data-intensive tasks. I hope this victory will inspire them to take on even more interesting and critical challenges that impact global markets – Rui Xiong, Datathon winning team mentor
And an afterword from our CIO, Ashar:
Quantbot Hackathon 2024 provided CMU's Masters and Undergrad students a first-hand opportunity to work on a real-life alpha research project, under tight time and budget constraints, using real world datasets. I wish I had had an opportunity to participate in such a project when I was completing the MSCF program at CMU years ago. The students had a fun day of learning and competing. Additionally, all the mentors were very impressed by how well the students coordinated the research process and were able to come up with out-of-sample model performance that was in-line with observed performance in-sample.
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On April 11th, members from Quantbot attended the annual Joy of Sake event at the Metropolitan Pavilion. Members got the opportunity to try traditional and new types of sake along with some amazing food from local NYC restaurants. They all had a great time at the event and can't wait to attend next year.
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On Thursday, February 29, members of the DTL team enjoyed the last days of skating at the iconic Bryant Park ice skating rink. It was a great night out and we are looking forward to more team outings as spring arrives!
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On Monday February 12th, Quantbot had the opportunity to facilitate this month’s NYC Quantum Computing meetup in our office. This month’s presenter, Mani Chandra from nOhm, presented about “Efficient non-Ohmic Charge Transport in Two-dimensional semiconductors.”
Mani Chandra is the CEO of nOhm Devices, a new startup at MIT. He has a PhD in high-energy astrophysics from the University of Illinois. Some of his achievements include being awarded the Astronomy Department’s Chu award for research excellence and the Illinois Distinguished Fellow from the Urbana- Champaign.
Many people showed up to tonight’s talk and were able to collaborate and share their thoughts on the topic.
Here is a synopsis of tonight's presenation: Charge transport in semiconductors is usually diffusive (“Ohmic”) due to electrons scattering off defects and phonons, as described by the textbook Ohm’s law. However, in sufficiently clean two-dimensional materials, Ohm’s law breaks down and gives rise to novel “non-Ohmic” charge transport regimes wherein electrons flow like a fluid. These novel regimes - ballistic and hydrodynamic transport - allow for the creation of highly-efficient electronic devices, with much lower power consumption and heat dissipation compared to current generation electronics (which are based on field-effect transistors). I will present an overview of transport physics in semiconductors and talk about our efforts to use non-Ohmic charge transport to design highly-efficient readout electronics that can be co-located with qubits and various quantum sensors in the innermost cryostage of dilution refrigerators, where the cooling power is limited to ~1 mW. The resulting integrated cryogenic electronics will enable the scaling up of quantum systems, similar to the historical progression from discrete transistors to integrated circuits.