Institutional Investor's Alpha Magazine - February 2008 - (Page 53) Alpha Bytes III Associates Rocket Man III Associates CTO Paul Algreen talks about the challenges of building a custom trading platform able to meet hedge fund traders’ changing needs. “Technology is the only way to manage the volume of information in today’s market.” Paul Algreen, chief technology officer, III Associates. Boca Raton, Florida, January 31, 2008. uilding a hedge fund computer platform capable of handling a global, around-the-clock trading operation is highly specialized and intricate work worthy of a rocket scientist. So as III Associates — a $4 billion Boca Raton, Florida–based quantitative hedge fund — undertakes that mission, the firm is in good hands. Its chief technology officer, Paul Algreen, is a rocket scientist — a Massachusetts Institute of Technology–trained aeronautical and astronautical engineer with a diverse background in computer programming and software development. B In addition to working in the aerospace industry, Algreen has served as a securities analyst and trader — a unique combination of skills. These days he is using all of them as he creates a customized trading platform that is part of III Associates’ efforts to expand its trading activities beyond the firm’s fi xed-income interest-rate strategies to a broad range of credit instruments and derivatives. Since taking over as CTO some 18 months ago, Algreen has significantly bulked up the firm’s technology team and has been aggressively pulling together the pieces of its new trading system. III Associates now boasts Photo by Jeffery Salter for Alpha FEBRUARY 2008 • INSTITUTIONAL INVESTOR’S ALPHA • 53 By Irwin Speizer
Table of Contents Feed for the Digital Edition of Institutional Investor's Alpha Magazine - February 2008 Institutional Investor's Alpha Magazine - February 2008 Contents Letter from the Editor Longs & Shorts Pension Corner: Alternative Perspective The Good Guys: A Simple Plan Cover Story: Energy and Commodities: Fueling Opportunity Regulation: Energy Trading: The Brawl on the Hill Interview: Master of Values Regulation: Hedge Fund Registration: Way Out West Research Center: Top Hedge Fund Analysts Alpha Bytes: Rocket Man Unhedged: Commentary: Structured for Success Institutional Investor's Alpha Magazine - February 2008 Institutional Investor's Alpha Magazine - February 2008 - Institutional Investor's Alpha Magazine - February 2008 (Page Cover1) Institutional Investor's Alpha Magazine - February 2008 - Institutional Investor's Alpha Magazine - February 2008 (Page Cover2) Institutional Investor's Alpha Magazine - February 2008 - Contents (Page 1) Institutional Investor's Alpha Magazine - February 2008 - Contents (Page 2) Institutional Investor's Alpha Magazine - February 2008 - Letter from the Editor (Page 3) Institutional Investor's Alpha Magazine - February 2008 - Letter from the Editor (Page 4) Institutional Investor's Alpha Magazine - February 2008 - Longs & Shorts (Page 5) Institutional Investor's Alpha Magazine - February 2008 - Longs & Shorts (Page 6) Institutional Investor's Alpha Magazine - February 2008 - Longs & Shorts (Page 7) Institutional Investor's Alpha Magazine - February 2008 - Longs & Shorts (Page 8) Institutional Investor's Alpha Magazine - February 2008 - Longs & Shorts (Page 9) Institutional Investor's Alpha Magazine - February 2008 - Longs & Shorts (Page 10) Institutional Investor's Alpha Magazine - February 2008 - Longs & Shorts (Page 11) Institutional Investor's Alpha Magazine - February 2008 - Longs & Shorts (Page 12) Institutional Investor's Alpha Magazine - February 2008 - Longs & Shorts (Page 13) Institutional Investor's Alpha Magazine - February 2008 - Longs & Shorts (Page 14) Institutional Investor's Alpha Magazine - February 2008 - Longs & Shorts (Page 15) Institutional Investor's Alpha Magazine - February 2008 - Longs & Shorts (Page 16) Institutional Investor's Alpha Magazine - February 2008 - Longs & Shorts (Page 17) Institutional Investor's Alpha Magazine - February 2008 - Pension Corner: Alternative Perspective (Page 18) Institutional Investor's Alpha Magazine - February 2008 - Pension Corner: Alternative Perspective (Page 19) Institutional Investor's Alpha Magazine - February 2008 - Pension Corner: Alternative Perspective (Page 20) Institutional Investor's Alpha Magazine - February 2008 - Pension Corner: Alternative Perspective (Page 21) Institutional Investor's Alpha Magazine - February 2008 - The Good Guys: A Simple Plan (Page 22) Institutional Investor's Alpha Magazine - February 2008 - The Good Guys: A Simple Plan (Page 23) Institutional Investor's Alpha Magazine - February 2008 - Cover Story: Energy and Commodities: Fueling Opportunity (Page 24) Institutional Investor's Alpha Magazine - February 2008 - Cover Story: Energy and Commodities: Fueling Opportunity (Page 25) Institutional Investor's Alpha Magazine - February 2008 - Cover Story: Energy and Commodities: Fueling Opportunity (Page 26) Institutional Investor's Alpha Magazine - February 2008 - Cover Story: Energy and Commodities: Fueling Opportunity (Page 27) Institutional Investor's Alpha Magazine - February 2008 - Cover Story: Energy and Commodities: Fueling Opportunity (Page 28) Institutional Investor's Alpha Magazine - February 2008 - Cover Story: Energy and Commodities: Fueling Opportunity (Page 29) Institutional Investor's Alpha Magazine - February 2008 - Cover Story: Energy and Commodities: Fueling Opportunity (Page 30) Institutional Investor's Alpha Magazine - February 2008 - Cover Story: Energy and Commodities: Fueling Opportunity (Page 31) Institutional Investor's Alpha Magazine - February 2008 - Regulation: Energy Trading: The Brawl on the Hill (Page 32) Institutional Investor's Alpha Magazine - February 2008 - Regulation: Energy Trading: The Brawl on the Hill (Page 33) Institutional Investor's Alpha Magazine - February 2008 - Regulation: Energy Trading: The Brawl on the Hill (Page 34) Institutional Investor's Alpha Magazine - February 2008 - Regulation: Energy Trading: The Brawl on the Hill (Page 35) Institutional Investor's Alpha Magazine - February 2008 - Regulation: Energy Trading: The Brawl on the Hill (Page 36) Institutional Investor's Alpha Magazine - February 2008 - Regulation: Energy Trading: The Brawl on the Hill (Page 37) Institutional Investor's Alpha Magazine - February 2008 - Interview: Master of Values (Page 38) Institutional Investor's Alpha Magazine - February 2008 - Interview: Master of Values (Page 39) Institutional Investor's Alpha Magazine - February 2008 - Interview: Master of Values (Page 40) Institutional Investor's Alpha Magazine - February 2008 - Interview: Master of Values (Page 41) Institutional Investor's Alpha Magazine - February 2008 - Interview: Master of Values (Page 42) Institutional Investor's Alpha Magazine - February 2008 - Regulation: Hedge Fund Registration: Way Out West (Page 43) Institutional Investor's Alpha Magazine - February 2008 - Regulation: Hedge Fund Registration: Way Out West (Page 44) Institutional Investor's Alpha Magazine - February 2008 - Regulation: Hedge Fund Registration: Way Out West (Page 45) Institutional Investor's Alpha Magazine - February 2008 - Regulation: Hedge Fund Registration: Way Out West (Page 46) Institutional Investor's Alpha Magazine - February 2008 - Research Center: Top Hedge Fund Analysts (Page 47) Institutional Investor's Alpha Magazine - February 2008 - Research Center: Top Hedge Fund Analysts (Page 48) Institutional Investor's Alpha Magazine - February 2008 - Research Center: Top Hedge Fund Analysts (Page 49) Institutional Investor's Alpha Magazine - February 2008 - Research Center: Top Hedge Fund Analysts (Page 50) Institutional Investor's Alpha Magazine - February 2008 - Research Center: Top Hedge Fund Analysts (Page 51) Institutional Investor's Alpha Magazine - February 2008 - Research Center: Top Hedge Fund Analysts (Page 52) Institutional Investor's Alpha Magazine - February 2008 - Alpha Bytes: Rocket Man (Page 53) Institutional Investor's Alpha Magazine - February 2008 - Alpha Bytes: Rocket Man (Page 54) Institutional Investor's Alpha Magazine - February 2008 - Alpha Bytes: Rocket Man (Page 55) Institutional Investor's Alpha Magazine - February 2008 - Unhedged: Commentary: Structured for Success (Page 56) Institutional Investor's Alpha Magazine - February 2008 - Unhedged: Commentary: Structured for Success (Page Cover3) Institutional Investor's Alpha Magazine - February 2008 - Unhedged: Commentary: Structured for Success (Page Cover4)
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