IIT Delhi Emerges Victorious in WorldQuant's 2023 International Quant Championship

In the 2023 International Quant Championship hosted by WorldQuant Asset Management, IIT Delhi clinched the top position. With over 30,000 participants from 100+ nations, victorious teams hailed from India, Canada, and the U.K. Check details here 

Nihar Patel and Vaibhav Gupta from the Indian Institute of Technology (IIT), Delhi emerged as the winner of the International Quant Championship 2023 organised by WorldQuant Asset Management. Over 30,000 participants competed from more than 100 countries winning teams represented India, Canada and the U.K. On WorldQuant's BRAIN platform, the three-phase team-oriented quant contest unfolded, engaging 12 teams vying for cash rewards exceeding $100,000.

Number of Teams in International Quant Championship 

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, the last of the three stages of the competition. Teams with the top scores from the second stage received an exclusive invitation to the Bahamas for a live challenge and presentation, shaping the ultimate winners of the IQC. Judges evaluated participants based on alpha creation, diversification strategy, originality of ideas, selection rationale, and alpha performance.

“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.” 

About WorldQuant’s BRAIN Platform 

WorldQuant’s BRAIN platform, an interactive web-based simulation fueled by data and technology, enables users to experiment with alpha concepts in real time. Exceptional performers on BRAIN stand a chance to be scouted for research consultant roles. This platform grants consultants access to a wealth of resources for learning about quantitative finance, engaging in competitions, submitting alphas for potential rewards, and networking with seasoned quants and fellow consultants. Boasting a user base exceeding 80,000 and a consultant network of over 3,000 globally, BRAIN offers access to more than 125,000 data fields, empowering users to create alphas and diverse algorithms.

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