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Pecora Capital – Man and Machine working together

June 2023 in Previous Features

While many firms tend to pick a strategy or two and stick with that, Pecora Capital LLC prefers to mix things up. The Swiss-based macro investment management firm uses a variety of algo-based systems to navigate the world’s FX markets. What’s more, Managing Director Aaron L. Smith and Head of Trading William Adams see no reason why man and machine can’t work together. Smith calls the approach ‘managed systematic’.

Your firm’s strategies are based heavily on algos. How do you develop them? Do you ever source anything externally or is everything in house? AS:  We do all the research and development internally, and we have several independent teams that are responsible for different parts of the process so that idea generation is semi-autonomous. We also have a proprietary method for evaluating the robustness of a system. Are there any particular issues that come up in developing everything in house? AS: One constraint Your firm’s strategies are based heavily on algos. How do you develop them? Do you ever source anything externally or is everything in house? AS:  We do all the research and development internally, and we have several independent teams that are responsible for different parts of the process so that idea generation is semi-autonomous. We also have a proprietary method for evaluating the robustness of a system. Are there any particular issues that come up in developing everything in house? AS: One constraint

Your firm’s strategies are based heavily on algos. How do you develop them? Do you ever source anything externally or is everything in house? AS:  We do all the research and development internally, and we have several independent teams that are responsible for different parts of the process so that idea generation is semi-autonomous. We also have a proprietary method for evaluating the robustness of a system. Are there any particular issues that come up in developing everything in house? AS: One constraint

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