Random Walk Computing focuses on US alternatives

US-based software provider, Random Walk Computing, is attempting to access the US hedge fund market and is opening an office in Boston. The firm has previously developed software for institutional traders and banks.

Joel Scotkin, chief executive officer and co-founder of Random Walk Computing, noted most hedge funds start with a 'core group of very smart financial analysts and traders who set out to develop and execute advanced investment strategies.

He added: 'Their initial focus is almost

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