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The New Math
Smarting from last summer’s huge losses, quantitative hedge funds are pressing into new realms of science in an effort to prosper during the ongoing credit crisis.
For a man whose flagship hedge fund is running on fumes, Marek Fludzinski couldn’t be calmer. The founder and CEO of New York–based Thales Fund Management has watched his firm’s assets plummet by more than $1 billion during the past year, as Thales, like most quantitative managers, has suffered as
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