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From Benedicte Gravrand, Geneva: Opalesque talked to another hedge fund in Santa Fe: Santa Fe Partners LLC. Three of the four partners are alumni of the Prediction Company (a hedge fund affiliate of UBS, also based in Santa Fe) who builds automated real time trading systems, as well as predictive models of markets and the behaviour of financial instruments traded in those markets. James Leatherberry, managing partner, talked about Santa Fe Partners LLC and about Santa Fe.

Outsourcing philosophy “Prediction started at a point in the market where they had to design many of the tools themselves, Mr. Leatherberry said. “In our case we were fortunate because we started some years later and we were able to outsource a lot of our work (software, executions, data, models, data collection…). We used a company called Market QA based in Chicago (website). Philosophically we wanted to outsource as many of the functions as we could.”

Statistical arbitrage funds The partners have extensive background in developing successful quantitative equity trading models and have developed a proprietary stat arb approach based on advanced signal processing and optimization technique. The company manages US$181 million and offers domestic funds as well as offshore funds (contact manager for further details: jim@s......................

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