EFTA02462855

From: Vincenzo lozzo Sent: Sunday, May 1, 2016 3:05 PM To: jeffrey E. Subject: One thing about Al funds So you probably know this but a couple of hedge funds recently closed becaus= essentially they said that things in the market these days stay correlated=for longer than it makes sense - partially because of algo-trading. I don't know if this is obvious to people or not but I think there's an inte=esting opportunity there because there's an asymmetry: the times it takes s=mebody to rewrite a learning algorithm is much longer than for two stocks (=r whatever asset class) to become uncorrelated Sent from my (phone <?xml version=.0" encoding=TF-8"?> <!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST to//EN" "http://www.apple.com/DTDs/PropertyList-1.0.dtd"> <plist version=.0"> <dict> <key>conversation-id</key> <integer>81575</integer> <key>date-last-viewed</key> <integer>0</integer> <key>date-received</key> <integer>1462115119</integer> <key>flags</key> <integer>8590195713</integer> <key>gmail-label-ids</key> <array> <integer>6</integer> <integer>2</integer> </array> <key>remote-id</key> <string>608883</string> </dict> </plist> 1 EFTA_R1_01569611 EFTA02462855