Time Saver

Buy-Side Profile

When 32-year-old Peter Simon started up his statistical arbitrage hedge fund Four-Wire last September with $250,000 of family money, his research was seriously hindered by how long it took to manually run his proprietary statistical models for analyzing the performance of US equities.

Simon would copy and paste historical data from Australian data aggregation Website Norgate Investor Services into Microsoft Excel, where he had hundreds of formulae performing complex correlation calculations to

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