11,000 Data Scientists Competed from over 1,000 Universities across 80 Nations
47 Finalists Traveled from 15 Countries for the Finals in Singapore
OLD GREENWICH, Conn. & SINGAPORE-Sunday 30 September 2018 [ AETOS Wire ]
(BUSINESS
WIRE) -- WorldQuant, the global quantitative asset management firm,
announced the completion of its inaugural International Quant
Championship, a competition designed to simulate the best algorithms
with over 11,000 participants from more than 1,000 universities across
80 countries. The 47 finalists traveled from 15 countries for the
ultimate competition in Singapore, following regional finals where over
500 teams competed in Bangkok, Beijing, Hanoi, Moscow, Mumbai, Seoul,
Singapore and Taipei.
“The
scale and success of our competition cements our philosophy that talent
is distributed globally and there remains an untapped pool of extremely
smart data scientists seeking professional opportunities that can be
delivered virtually. Our vision remains to further scale WorldQuant’s
virtual network to bring opportunity to any individual with the interest
and ability to put their expertise to use,” said Igor Tulchinsky,
Founder, Chairman and CEO of WorldQuant.
The
International Quant Championship builds on the 20 competitions that the
WorldQuant Virtual Research Center has hosted over the past five years
to uncover talent globally, foster interest in quantitative finance and
allow participants to compete with top quantitative minds. Participants
come from various disciplines, including computer science, engineering,
physics, finance, business administration and mechanics, and are
evaluated on a range of skills, including the use of operators and
datasets and the understanding, selection and execution of high-quality
algorithms.
“Academic
theory does not directly teach the discipline of quantitative finance,
so it is up to industry to build up the skills required by individuals
to become successful quants and creating practical algorithm simulations
is an essential part of that process. We are also pleased that over a
quarter of our International Quant Championship contestants were women,
including the winning team of three Russian women living in France,”
said Nitish Maini, General Manager of WorldQuant Virtual Research
Center.
WorldQuant
Virtual Research Center has more than 70,000 users from 180 countries
and over 2,000 universities who are given the opportunity to learn about
quantitative finance, build financial models, participate in global
competitions and be considered for research consultant positions.
WorldQuant has discovered over 1,000 consultants through the Virtual
Research Center and users have collectively run over 93 million
simulations on the Virtual Research Center’s online platform.
About WorldQuant
WorldQuant
is a global quantitative asset management firm that was founded in 2007
by Igor Tulchinsky and has over $7 billion in assets under management.
The firm has more than 25 offices in 15 countries and over 700 employees
and 1,000 consultants. WorldQuant develops and deploys systematic
investment strategies across a variety of asset classes in global
markets, utilizing a proprietary research platform and investment
process. For more information on WorldQuant’s culture and philosophy,
please visit www.WeAreWorldQuant.com.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180928005571/en/
Contacts
Media contacts
Beatriz Garcia / Christina Tilt
worldquant@brunswickgroup.com
+1 212 333 3810
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