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    Fernando Bucheli, Ambassador of the Republic of Ecuador, met Chief Secretary.GoK

    FCA bans former Credit Suisse vice president following US criminal conviction

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    World Health Assembly adopts historic Pandemic Agreement to make the world more equitable and safer from future pandemics

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    WHO warns of slowing global health gains in new statistics report

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    India to the International Grid: UMA Bootcamp 2025 Opens Applications for Global Track Training

    Governor Thaawarchand Gehlot Inaugurates ‘Centre for Future Skills’ at Karnataka State Open University

    Governor Presents “Atithya Rathna” and “Udyama Rathna” Awards at Karnataka State Hotels Association’s 70th Anniversary Celebration

    Students aspiring to pursue education in the academic year 2025–26 are encouraged to enroll in BBMP schools/colleges and make the best use of the facilities provided by BBMP: Suralkar Vikas Kishor

    Scientific leaders honored by 3M and Discovery Education

    UMA Bootcamp 2025 Opens Applications for India’s Brightest Motorsport Engineers

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    Cambridge announces results of its largest ever March series held in India

    Blue Dart Express Limited Clocks ₹ 5,720 Cr Revenue for FY25, Maintains Steady Q4 Momentum

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    DKMS Foundation India Honours Stem Cell Donors Who Gave Blood Cancer Patients a Second Chance at Life

    Bisleri Excites Consumers with “Mission Impossible – The Final Reckoning” Limited Edition Pack

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    GSK TO ACQUIRE EFIMOSFERMIN.

    Safer walking and cycling crucial for road safety and better health

    Health inequities are shortening lives by decades

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    Inaugural program of “Vidhan Soudha Guided Walking Tour” on May 25.

    LTIMindtree Signs MoU with IIM Mumbai to Launch Postgraduate Program for Executives in AI-led Experience Design

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    The team from Sri Ramakrishna Engineering College, Coimbatore, received the 'Winner' award from Prof. (Dr.) T. G. Sitharam, Chairman of AICTE, and Mr. Abhishek Sinha, Executive Director & President - Medical, Smart World & Functions, L&T Technology Services.

    8th Edition of TECHgium® Showcases Engineering Excellence and Bold Innovations

    Union Minister Shri Ashwini Vaishnaw Unveils India’s First 3nm Chip Design Centres in Noida and Bengaluru

    “Modern warfare is entirely technology driven and India’s supremacy stands proven over the last four days”, says Dr Jitendra Singh

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    Mr. Khaled Mahmoud, CEO, MM Group for Industry and International Trade along with Mr. Asif Shamim, Head, International Business, Tata Motors Commercial Vehicles at the launch of Tata Motors’ commercial vehicles range in Egypt

    Tata Motors advances Egypt’s Mobility Landscape; Launches Wide Range of Commercial Vehicles in Partnership with MTI

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    Bisleri Excites Consumers with “Mission Impossible – The Final Reckoning” Limited Edition Pack

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

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WorldQuant and Global Chess Champion Magnus Carlsen’s Play Magnus Launch Inaugural Magnus Quant Challenge

Global Competition Designed to Identify and Empower Top Quantitative Talent Globally

FWM by FWM
November 21, 2018
in Sports
0
November 20, 2018 02:38 PM Eastern Standard Time OSLO, Norway & OLD GREENWICH, Conn.–(BUSINESS WIRE)–Play Magnus, a leading chess platform created by World Chess Champion Magnus Carlsen, and WorldQuant, the global quantitative asset management firm, today announced a new partnership and the launch of the inaugural Magnus Quant Challenge.

This month-long competition is designed to test analytical skills, teach quantitative finance and identify top performers who may be considered for research consulting positions at WorldQuant’s Virtual Research Center (VRC). Participants — who represent more than 80 countries — must be users registered through the Play Magnus chess app. VRC operates an online platform, WebSim, which enables individuals to conduct research and build algorithms that seek to predict the future price movements of various financial instruments (or alphas, as WorldQuant calls them).

“We’re excited to broaden our partnership with Play Magnus and bring additional opportunities to top global talent. Premier chess competitors utilize concentration, strategy and the ability to identify patterns to predict future moves and act based on that information. These skills are very similar to those that quantitative finance minds use every day,” said Igor Tulchinsky, CEO, Chairman and Founder of WorldQuant.

“I’m first and foremost passionate about chess, and I’m also convinced that it is important to innovate in order to grow future interest in chess,” said World Chess Champion Magnus Carlsen. “The fact that WorldQuant sees an opportunity to attract talent through the online platforms we have developed motivates me to take our efforts to a new level.”

“Chess is played by hundreds of millions of people on a daily basis. Research proves that people who play chess score higher than others in STEM subjects, which is highly correlated with identifying quantitative finance minds,” said Play Magnus CEO Kate Murphy. “Our vision is to use chess as a fun tool to make the world a smarter place, and this partnership with WorldQuant gets us one step closer to achieving our vision.”

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VRC 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 users have collectively run over 93 million simulations on VRC’s online platform. Of those users, approximately 1,200 globally are in VRC consultant positions. Consultants have flexibility in their hours and work location, are compensated based on their activity and productivity, are eligible for additional compensation based on their alphas’ performance and may ultimately be considered for full-time roles. Additional information, including how to register for Websim, can be found at www.WorldQuantVRC.com.

Tags: www.WorldQuantVRC.com.
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