High Hopes

Highbridge Capital Management is using technology to expand its quantitative investment strategies.

When an equity trader at Highbridge Capital Management was recently trying to determine a fund’s risk relative to the market, he started constructing a custom index to calculate beta for a specific portion of his portfolio. As he was busy looking up countless names to include in the index, a technologist seated next to him noticed what he was doing and quickly created a software program to automate the process.

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