Meet the Champions of the 2024 International Quant Challenge
The Victors of the 2024 International Quant Championship
WorldQuant, a highly regarded global quantitative asset management company, has unveiled the winners of the highly competitive 2024 International Quant Championship (IQC). This year’s championship attracted an unprecedented 37,300 participants from an impressive 111 countries and regions, encompassing a staggering 5,388 universities, all vying for a prize pool of $400,000.
Celebrating the Top Teams
The selection process culminated in 13 finalist teams from diverse regions showcasing their skills. The results were as follows:
First Place Going to Taiwan Region
The first prize was awarded to the talented trio of Chong-Sheng Huang, Yu-Heng Chi, and Wei-Sheng Chen, representing National Tsing Hua University from the Taiwan region.
Outstanding Performers Rounding Out the Competition
Second place was a commendable achievement for Oscar Pena and Mohan Rao Peddada from Johns Hopkins University in the United States, while third place was shared between two remarkable teams: Leung Yuk Shing Cyrus, Chan Jackson, Chou Chung Hei Johnn, and Lam Yau Tsun from The Chinese University of Hong Kong in Hong Kong SAR, along with Tertius Raya Prasetya from Bina Nusantara University in Indonesia.
Encouraging the Next Generation
Igor Tulchinsky, the Founder, Chairman, and Chief Executive Officer of WorldQuant expressed enthusiasm over the event's success. He stated, “The 2024 International Quant Championship was our most competitive to-date and will help cultivate the next generation of quantitative talent globally. Our philosophy centers on the belief that great ideas can arise from anywhere, and the IQC embodies this spirit.”
Participants that excelled in the championship may have opportunities for internships or even full-time positions at WorldQuant. Since the launch of the BRAIN platform, over 60 former consultants have transitioned into full-time roles with the firm.
A Rigorous Competitive Process
The competition, conducted across three stages from March to September, utilized WorldQuant’s innovative BRAIN platform. Top teams represented national and regional pride by traveling to Singapore, where they participated in a live presentation challenge, showcasing their newly developed alphas to a panel of expert judges. Each team was evaluated based on their creativity, originality, diversification, and overall performance in alpha creation.
Nitish Maini, Chief Strategy Officer at WorldQuant acknowledged the global representation of talent, asserting that each winning team exemplified remarkable quantitative and qualitative skills in their approaches to developing new alphas. “The IQC continues to promote collaboration and innovation across the globe,” he added.
Innovation through WorldQuant BRAIN
WorldQuant BRAIN serves as a dynamic interactive platform allowing users to test their alpha ideas in real-time. With its vast pool of over 100,000 users and more than 4,800 consultants worldwide, BRAIN supports the development of various alphas with access to a comprehensive database of over 125,000 data fields.
About WorldQuant
WorldQuant stands as a leading global quantitative asset management firm managing over $7 billion in assets. Founded in 2007 under the visionary leadership of Igor Tulchinsky, the firm operates with the understanding that while talent exists worldwide, opportunities can often be limited. With over 1,000 employees across 27 offices globally, WorldQuant strives to accelerate progress, continuously seeking unexplored insights that drive the development of sophisticated investment strategies across a plethora of asset classes.
Frequently Asked Questions
What is the International Quant Championship?
The International Quant Championship is an annual competition organized by WorldQuant that brings together teams globally to develop and present quantitative models, or alphas, for financial predictions.
How many participants took part in the 2024 IQC?
This year's championship saw participation from over 37,300 contestants representing 111 countries and regions.
Who were the winners of the 2024 IQC?
The championship winners included Chong-Sheng Huang, Yu-Heng Chi, and Wei-Sheng Chen from National Tsing Hua University in first place, with additional honors for teams from Johns Hopkins University and a tie involving The Chinese University of Hong Kong and Bina Nusantara University.
What opportunities are available for participants?
Top performers may be offered research consulting roles, internships, or even full-time employment opportunities at WorldQuant.
What is WorldQuant BRAIN?
WorldQuant BRAIN is an advanced simulation platform that allows users to test their alphas and gain access to extensive data resources for algorithm development.
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