IIT Delhi Wins WorldQuant’s International Quant Championship 2023; Check Details Here

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Participants from countries like Canada, China, Hungary, India, Malaysia, the U.K., the U.S., Singapore, South Korea, Spain, Taiwan, and Vietnam took part in the final round held at Bahamas.

IIT Delhi Wins WorldQuant’s International Quant Championship 2023

New Delhi: IIT Delhi team of students, Nihar Patel and Vaibhav Gupta, have won the International Quant Championship 2023. Over 30,000 participants from over 100 countries participated in the Quant Championship organised by WorldQuant Asset Management.

The IIT Delhi Team has also won a cash prize of more than 100,000 US dollars or Rs 83,28,000. The competition was held in three stages. A total of 12 teams from different countries, including Canada, China, Hungary, India, Malaysia, the U.K., the U.S., Singapore, South Korea, Spain, Taiwan, and Vietnam, participated in the 2023 IQC finals. These teams were invited to the bahamas for the final round.

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The Participants were judged based on the criteria of their alpha creation and diversification approach, originality of ideas, logic of their selections and alpha performance.

“At WorldQuant, we are continually seeking ways to expand access to opportunities for talent worldwide,” said Igor Tulchinsky, Founder, Chairman and Chief Executive Officer of WorldQuant. “The impressive turnout of competitors in the IQC exemplified the Caliber of quantitative talent across the world. Their hard work and innovative ideas were inspiring, and I look forward to seeing what the future holds for WorldQuant BRAIN and quants worldwide.”

“Congratulations to the top three 2023 IQC winning teams, who represented leading universities including the Indian Institute of Technology Delhi, McMaster University and Edinburgh University,” said Nitish Maini, WorldQuant’s Chief Strategy Officer. “The students’ quantitative talent and ways in which they expressed their novel thinking was commendable. I look forward to seeing how WorldQuant will continue bridging the gap between talent and opportunity.”

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