Who better than teams of college data scientists to ace — remotely — a contest for cash and the chance to work at one of the world's best-known hedge funds?
Because of the COVID-19 crisis, Chicago-based hedge fund manager Citadel LLC and sister company Citadel Securities LLC held their third-annual Data Open Championship virtually.
Nearly 1,000 undergraduate and graduate college students from the U.S., U.K. and France competed in 11 regional competitions during the 2019-2020 academic year, a Citadel news release said.
Eighteen teams made it to the finals and had one week to analyze how the growth of e-commerce has changed consumer spending habits, using datasets that included daily retail pricing, transaction-level data and retail reviews.
The teams gave virtual presentations April 6 to a panel of judges from Citadel and Citadel Securities.