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Opalesque Exclusive: NYSE`s former specialists form `intraday` ExSpecialistFund using algorithms From Benedicte Gravrand: New York-based start-up ExSpecialist launched their new fund on 1st November.

Comprised of former specialists on the New York Stock Exchange, the ExSpecialistFund, LLP utilizes market knowledge and cutting edge technology to maximize profits and mitigate risk. Each founder brings unique insights into the market as well as proven track records of success in both business management and trade execution. The partners intend to provide detailed trading history to keep investors abreast of their activity in the market as well as be available to answer any and all questions on a daily basis. The fund’s methodology involves algorithms to remove human emotion. Chris Dearborn (email), one of the partners, introduced the fund to Opalesque:

“The important thing that differentiates our fund is that we are 95% -100% cash at end of every day… that way we are not at risk at the market on a day to day basis. The fund is basically looking to track (trends) intra-day and to capitalise on movement. We just want to be part of the movement; we are not looking to be part of a market trend. This seems to be a strategy that works very well for us. We have around $2 million in AUM right now. We are under the regulation D Filing so we are looking to get a track-record for the......................

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