OLD GREENWICH, Conn.--(BUSINESS WIRE)--
Over 2,000 participants competed across more than 60 countries
Top contestants are being onboarded as research consultants at WorldQuant
Builds on WorldQuant’s virtual initiatives, including the 2018 International Quant Championship where over 25% of its 11,000+ participants were women
WorldQuant, the global quantitative asset management firm, announced the successful completion of Women Who Quant, an international online competition and learning opportunity designed with the goal of increasing opportunities for women in quantitative finance. The competition, which was developed in collaboration with Women 2.0, Women Who Code and 100 Women in Finance, brought together over 2,000 participants across more than 60 countries.
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“We are very pleased with the results achieved in our first Women Who Quant competition and excited to see such a variety of high-quality thinking,” said Igor Tulchinsky, Founder, Chairman and CEO of WorldQuant. “I would like to congratulate our three best-performing female participants in the competition from Russia, Vietnam and India. This competition has identified multiple potential stars in quantitative finance, and we hope will further empower quants worldwide.”
The winners of the competition won cash prizes. In addition, more than 50 top female performers, including the three highest performing female participants, are being onboarded as research consultants at WorldQuant.
“The global talent we saw on display in Women Who Quant has been inspiring. We view initiatives like this as catalysts for faster, more widespread change and are honored that the winner chose 100 Women in Finance to receive an additional donation from WorldQuant,” said Amanda Pullinger, CEO of 100 Women in Finance.
“This is an important initiative focused on a significant opportunity for women in fields such as quantitative finance, as we saw by the participant numbers and final results,” said Kate Brodock, CEO of Women 2.0. “We're pleased to work with all of our forward-thinking partner organizations on this competition, and advance gender equality and inclusion in tech.”
“Our mission at Women Who Code has always been to build a world where women are proportionally represented across key roles such as technical leaders and engineers. We seek to inspire women to excel in their careers, and partnership events like this drive the mission to a wider audience,” said Alaina Percival, CEO and Board Chair of Women Who Code.
This competition follows the more than 20 other competitions hosted by the WorldQuant Virtual Research Center (VRC) over the past five years, including the 2018 International Quant Championship (IQC), a team-based competition designed to simulate the best algorithms. In 2018, IQC attracted more than 11,000 participants, representing 1,000 universities from more than 80 countries. Over 25 percent of contestants in that competition were women, including the winning team of three Russian women living in France.
WorldQuant VRC has around 100,000 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 2,000 consultants through VRC, and users have collectively run over 375 million simulations on VRC’s online platform.
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 28 offices in 17 countries, and over 750 employees and 2,000 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.
About 100 Women in Finance
100 Women in Finance is a global network of professionals in the finance and alternative investment industries working together to empower women at every stage of their careers. Through peer engagement, philanthropic, and educational initiatives, our more than 15,000 members are making connections and creating opportunities that help to advance careers and strengthen our field.
About Women 2.0
Founded in 2006, Women 2.0 is a global brand for women in tech and startups and general diversity & inclusion in the tech industry. With community-based media as their back drop, they provide action-based, scalable solutions and impact-focused initiatives that close gender gaps and increases D&I, with a particular focus on female-founded and earlier-stage companies. They are driven by their values, and work to push conversation forward, and take and encourage action around gender parity. They are a for-profit, for-good company.