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Operations & Reporting Associate
JOB DESCRIPTION:
We are looking for a professional with Big Four public accounting experience to work in the client reporting area at Arrowstreet which currently includes reporting for over 100 separate accounts and 5 Arrowstreet funds based in Ireland.
Job responsibilities include:
- Monitor all portfolio activity (e.g. Assets, Cash, Accruals and Equity & FX Trades) within the portfolios for Arrowstreet’s 100+ client accounts.
- Liaise with outsourced back office provider and client custodians on the activity and valuation of the investments held within the portfolio on a daily and month-end basis.
- Prepare and analyze monthly client reporting packages.
- Review and audit the daily portfolio reports received from Arrowstreet’s back office.
- Assist in management requested ad hoc financial reporting and other project work, including projects related to investment activity of the portfolio.
- Assist in designing monitoring controls and improving reporting efficiencies.
- Assist in launch of new fund products and new trading instruments as it relates to reporting oversight.
QUALIFICATIONS:
- The candidate must currently be permitted to work indefinitely in the United States and live within commuting distance of our office.
- Requirements include:
- CPA
- Bachelor’s degree in Accounting/Finance.
- Minimum of 5 years at a Big Four public accounting firm.
- Financial services industry experience.
- In addition to the requirements above, the following are desirable:
- SAS 70/Controls experience.
- Direct hands-on fund accounting experience.
- Experience with SQL and Bloomberg.
- The ability to review existing processes/procedures and suggest improvements is strongly encouraged.
The Ideal Candidate:
- Is a detail oriented self-starter with excellent organizational, relationship management, time management and verbal/written communication skills.
- Thrives in a fast-paced environment and has the ability to manage multiple tasks/projects at one time.
- Works well both independently and in a team environment.
- Maintains a working knowledge of relevant systems.
Compliance Associate
JOB DESCRIPTION:
A member of the Trade Compliance team is responsible for applying, monitoring and enforcing the compliance rules and guidelines of Arrowstreet Capital and its clients. This role will require the performance and oversight of daily data integrity checks to ensure that Arrowstreet’s accounting and trading records are accurate. The individual in this role should have a firm grasp on equity and FX trading operations, corporate actions and the trade settlement process.
Job responsibilities include:
- Ensure that all portfolio holdings and expected trades meet compliance guidelines and restrictions as instructed by the client.
- Monitor all portfolio activity, including tying out all corporate actions and trades that are processed in the accounts.
- Oversee and manage back-office trade operations, brokers and custodians and industry professionals.
- Prepare and analyze daily good to sell files from custodians.
- Review and audit the daily portfolio compliance Alerts and Warning reports received from Arrowstreet’s order management system.
- Assist in management requested ad hoc financial reporting and other project work, including projects related to investment activity of the portfolio.
- Assist in the resolution of compliance related client inquiries.
- Analyze and scrub all accounting data that is imported into Arrowstreet’s trading platform.
- Identifying and proposing solutions related to new operational requirements.
The ideal candidate will be:
- A self-starter with excellent organizational, time and relationship management skills, as well as verbal and written communication skills.
- Very detail oriented.
- Able to w ork on assignments and projects with minimal supervision while proactively providing updates, facilitating reviews of progress and delivering to deadlines.
- Able to follow general procedures.
- Able to maintain a working knowledge of relevant systems.
- Able to take responsibility for informing managers of potential issues on a timely basis.
- Able to review existing processes/procedures and suggest improvements.
QUALIFICATIONS:
- Bachelor’s degree is a requirement; Accounting or Finance concentration preferred.
- 5-10 years of direct hands-on compliance and/or trading operations experience, including familiarity with financial instructions and corporate actions.
- Knowledge of the Equity and Currency trade markets and how they work is required.
- A CPA designation and big four public accounting experience is strongly preferred.
- Intermediate to Advanced Microsoft Excel skills required; SQL and macro writing skills a plus.
- The candidate must be willing to work on various shifts as needed to cover European, Americas and Asian trading hours.
- Ability to work in an independent, self-directed manner and to perform equally well as part of a team.
- Drive, energy, enthusiasm, maturity and confidence.
Head of Information Technology
JOB DESCRIPTION:
This person will be responsible for defining Arrowstreet’s overall Information Technology vision and strategy, ensuring that the company’s IT systems and infrastructure are aligned with the firm’s mid and long term strategic business objectives. This includes:
- Setting strategic direction for all technology initiatives.
- Setting up and implementing company-wide IT policies, processes, and technologies.
- Building, organizing and managing the IT staff.
RESPONSIBILITIES:
1. Set Technology Direction
- Identify needs and set technology vision and strategy in conjunction with the company’s business strategy.
- Oversee the roadmap to implement the strategy and the specific technologies.
- Ensure successful and timely implementation.
2. Staff Organization and Management
- Define and oversee IT Organization Structure. Identify gaps, risks and needs relative to technology skills sets, business needs and operational efficiency.
- Manage IT staff, recruiting and retention efforts.
- Manage IT staff development, training and professional growth.
- Ensure preservation of the company’s culture across the IT teams.
3. IT Governance and Security
- Define IT policies related to security and controls.
- Oversight and ownership of Disaster Preparedness and Business Continuity Plans.
- Identify, review and oversee IT and business Risk and Risk Mitigation strategies.
4. Planning and Managing Infrastructure growth strategies
- Long term strategies for location, structure, management of datacenter(s).
- Outsourcing considerations and strategies.
5. Resource Management
- Oversight of the IT budget and expenses.
- Resource planning and identification of long term staffing needs.
- Vendor relationship management.
6. Arrowstreet’s IT spokesperson
- IT representative to clients and Arrowstreet department heads.
QUALIFICATIONS:
- A strong, positive and inspiring leader.
- A strong business background specifically in the financial services / asset management space.
- A strong technical background including an understanding of current and emerging technologies and how they can support business needs. A background with Microsoft technologies is highly preferred.
- An effective communicator and business partner.
- An effective negotiator both within Arrowstreet and with external parties.
- Experience setting strategic IT plans within the framework of a financial services firm.
- Experience managing large IT budgets.
- Experience managing mid to large scale IT departments including Networking, Operations, QA and Application Development teams.
- Ability to balance strategic initiatives and day-to-day tactical operations.
- Ability to balance business and technology initiatives.
Business Development - Europe
JOB DESCRIPTION:
This individual will be a key part of Arrowstreet’s initiative to expand its presence in the European institutional market. The position will report to the Head of Global Business Development and Consultant Relationship Management. Given the importance of the role and our expanding presence in this market, this position will be developed in two stages:
Initially (target 9 months), the job will be based in Boston and focus will be on supporting new business activities and other marketing related initiatives for North America. This period is designed to allow the individual to integrate into the firm and to develop a robust understanding of all aspects of the investment and business development process at Arrowstreet.
The job will subsequently transition to London where the individual will work with our senior marketing representative in the UK. The role will involve all aspects of business development including responsibility for execution of the marketing strategy. Primary areas of responsibility will include business development among the institutional investment community and broadening and strengthening regional consultant relationships. Additional responsibilities will include contributing to the development of marketing materials and facets of product development. This person will also provide assistance to local client relationship management, but this is not expected to be a material component of their responsibilities.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
- Manage and implement a sales calling plan in the European institutional marketplace.
- Build and manage relationships with regional investment consultants.
- Support all aspects of the sales process, including managing requests for information, marketing content, etc.
- Support product development, general marketing initiatives and all aspects of business development.
QUALIFICATIONS:
- The ideal candidate will have worked successfully in a related sales or investment consulting role for 3-6 years.
- Preference for a European nationalist with international exposure, especially with markets in European countries.
- Demonstrated strong relationship management skills and the ability to communicate a sophisticated investment process to the institutional community.
- We expect that the candidate will have gained, or be in the process of completing, a relevant postgraduate qualification such as an MBA or CFA.
Research Associate
JOB DESCRIPTION:
We’re looking for a new junior member to join our research group. Our research group comes up with investment ideas, codifies those ideas to signals, back tests the signals, and produces return and risk forecasts based on the signals. Responsibilities typically grow in line with experience and abilities.
QUALIFICATIONS:
The ideal candidate has an undergraduate degree from a top educational institution in a field that requires problem solving skills, such as applied mathematics, economics, engineering or computer science. We pay a lot of attention to your intelligence, undergraduate grades, undergraduate thesis and/or other research projects, and recommendations by your professors.
Experience with Stata 11, SQL Server 2005, and C# / .NET will be useful but not strictly necessary.
- Interest in financial markets and experience in asset management are also considered significant positives.
- Experience with large stock market data sets is an advantage.
We offer interesting projects, competitive compensation, a collegial, yet high achieving environment, team projects and a growing firm with many future opportunities. If you enjoy a hands-on, fast-paced environment that allows you to become an integral part of our company, then you will find that Arrowstreet will be a richly rewarding experience for you!
Research Manager I
JOB DESCRIPTION:
We’re looking for a new member to join our research group. Our research group comes up with investment ideas, codifies those ideas to signals, back tests the signals, and produces return and risk forecasts based on the signals. Responsibilities typically grow in line with experience and abilities.
QUALIFICATIONS:
The ideal candidate has an undergraduate or graduate degree from a top educational institution in a field that requires problem solving skills, such as applied mathematics, finance, economics, engineering or computer science. We pay a lot of attention to your standardized test scores, grades, written research (e.g. thesis, white papers, research reports, working papers, academic publications), and recommendations by your professors and other people you have worked with.
- Experience with Stata 11, SQL Server 2005, and C# / .NET will be useful but not necessary.
- We require good verbal and written communications skills to facilitate efficient articulation of research ideas and findings and efficient interaction with multiple stakeholders.
An ideal candidate will have significant experience in some of the following areas:
- Researching global macro or global tactical asset allocation strategies.
- Forecasting asset-class returns on stocks, currencies, nominal government bonds, inflation-indexed bonds, credit, publicly traded real estate and commodities.
- Modeling of global macroeconomic announcements and as-reported data series, “nowcasting” and inferring macroeconomic expectations from asset prices.
- Building forecasting models for liquid commodities and financial futures contracts for one-day to three-month forecast horizons. We value a comprehensive knowledge of the futures markets.
- Modeling inter-market lead-lag patterns and common risk factors impacting multiple asset classes.
- Working with unusual, large and difficult data sets.
We offer interesting projects, competitive compensation, a collegial, yet high achieving environment, team projects and a growing firm with many opportunities. If you enjoy a hands-on, fast-paced environment that allows you to become an integral part of our company, then you will find that Arrowstreet will be a rewarding experience for you!
Research Manager II
JOB DESCRIPTION:
We’re looking for a new member to join our research group. Our research group comes up with investment ideas, codifies those ideas to signals, back tests the signals, and produces return and risk forecasts based on the signals. Responsibilities typically grow in line with experience and abilities.
QUALIFICATIONS:
The ideal candidate has an undergraduate or graduate degree from a top educational institution in a field that requires problem solving skills, such as applied mathematics, finance, economics, engineering or computer science. We pay a lot of attention to your grades, written research projects such as research reports, working papers, thesis, and/or academic publications, and recommendations by your professors and other people you have worked with. We require excellent problem-solving and quantitative skills as well as excellent verbal and written communications skills. The position requires a closely related higher degree or significant industry experience.
An ideal candidate will have significant experience in some of the following areas:
- Quantitative investment research using global industry-level, company-level, and security-level data sets.
- Global databases covering company financial statement information and various industry specific databases.
- Value-relevance and timeliness studies relating financial statements information to stock prices.
- Building forecasting models that have forecast well out-of-sample.
- Working with unusual and difficult data sets.
- Experience with Stata 11, SQL Server 2005, and C# / .NET will be useful but not strictly necessary.
We offer interesting projects, competitive compensation, a collegial, yet high achieving environment, team projects and a growing firm with many opportunities. If you enjoy a hands-on, fast-paced environment that allows you to become an integral part of our company, then you will find that Arrowstreet will be a rewarding experience for you!
Summer Research Associate Intern - 2012
JOB DESCRIPTION:
We’re looking for a summer intern to join our research group. Our research group comes up with investment ideas, codifies those ideas to signals and produces trades based on the signals. The projects will involve applied math, finance, optimization theory and computer programming. Responsibilities typically grow in line with experience and abilities.
QUALIFICATIONS:
The ideal candidate will be enrolled in an undergraduate degree program from a top educational institution in a field that requires problem solving skills, such as applied mathematics, economics, engineering, or computer science. We pay a lot of attention to your grades, your undergraduate thesis and/or other research projects, as well as recommendations by your professors.
Relevant experience and interests:
- C# / .NET, SQL Server 2005 and Stata 11 experience will be useful but not necessary.
- Experience with statistical analysis of large stock-market data sets will put you in an advantage.
- Interest in financial markets or asset management is a plus.
We offer interesting projects, competitive compensation, a collegial, yet high achieving environment, team projects and a growing firm with many future opportunities. If you enjoy a hands-on, fast-paced environment that allows you to become an integral part of our company, then you will find that Arrowstreet will be a richly rewarding experience for you!
Business Development Associate
JOB DESCRIPTION:
This individual will support various aspects of Arrowstreet’s business development and consultant relations effort. The candidate must have a strong desire to work in the investment management industry and will be expected to develop and maintain strong relationships with a number of internal and external business partners, learn how to communicate complex investment methodologies to broad audiences through oral, written and graphic mediums, and handle numerous tasks simultaneously while meeting critical deadlines. The ideal candidate will have the ability to manage projects on their own, as well as work in a team environment.
PRINCIPLE DUTIES AND RESPONSIBILITIES:
- Prepare timely, consistent and in-depth responses to RFP’s (Request for Proposals) and questionnaires for institutional consultants and prospects.
- Complete consultant questionnaires and institutional databases. Manage content for databases and questionnaires.
- Prepare presentation books and marketing collateral.
- Maintain internal databases and resources to support business development and consultant relations effort.
- Coordinate Arrowstreet’s periodic client conferences and research seminars.
- Assist in the management of Arrowstreet’s website.
- Complete ad hoc projects and requests as warranted.
QUALIFICATIONS:
- BS/BA degree in Business, Finance or Marketing.
- 1-3 years of related experience preferred.
- Excellent communication, interpersonal and writing skills.
- Proficiency in Microsoft Word, Excel and PowerPoint.
- Experience with Qvidian RFP tool, Microsoft Publisher, FactSet and Macromedia Dreamweaver a plus.
Client Relationship Manager
JOB DESCRIPTION:
Arrowstreet continues to expand its global client base. As a result, Arrowstreet is expanding its Client Relationship Management Team. This individual will be responsible for serving and managing all aspects of the relationships with a selected number of our North American clients, and would report to the Manager of Client Relationship Management. The position is located in Boston, and travel is expected.
PRINCIPLE DUTIES AND RESPONSIBILITIES:
- Act as the primary point of contact between clients and the various functional groups at Arrowstreet, including the portfolio management, operations, compliance, and legal groups.
- Serve as a “proxy” for the portfolio management team by providing clients with ongoing updates regarding Arrowstreet’s investment philosophy, process, research, and performance of their accounts.
- Manage the onboarding process for new client relationships.
- Be a resource to clients for information, research, and strategy.
- Assist in the creation of client materials, attribution and other portfolio related information.
- Support the overall marketing effort by cross selling new strategies and mandates.
- Assist in development of new products and strategies.
QUALIFICATIONS:
This candidate should have excellent communication skills and a strong investment background with in-depth product knowledge. He/she must be able to communicate sophisticated investment strategy and portfolio level information to institutional investors. Other items include:
- 3-6 years of experience in a client relationship management role
- Proven presentation and writing skills and the ability to work in a team environment with multiple responsibilities
- BS/BA or MBA in Finance, Business or Economics
- CFA strongly preferred
Applications Developer - Trading Systems
JOB DESCRIPTION:
The applications developer we are looking for will be a key contributor on a team dedicated to delivering high quality software solutions and supporting all applications related to Arrowstreet’s Trading Systems. This person will be involved in projects supporting both the Compliance and Portfolio Management business units. This person will also interact with other groups including developers, DBA’s, network engineers, quality assurance (QA) and third party vendors/consultants.
This role will be responsible for integrating information between Arrowstreet trading systems and other systems internal and external to the firm. The candidate will need to independently analyze, design, code, validate and implement software solutions using technologies such as SQL Server, MS Visual Studio, TFS, SSRS reporting, and C# .Net.
PRINCIPLE DUTIES AND RESPONSIBILITIES:
Design, develop and implement projects as a member of the trading systems team. This includes:
- Develop detailed technical specification documents.
- Write stored procedures, views, functions and triggers using Microsoft SQL Server 2008.
- Create reports using SSRS and Crystal Reports for operations and auditing purposes.
- Develop front-end applications and application services using C#, .Net and WCF.
- Develop customized batch and intraday processes integrating trading systems with research systems, vendor systems, custodians and market data providers.
- Work closely with quality assurance team and end-users during testing and with Operations for production deployments.
- Analyze and address data quality issues with users, vendors and management.
- Create and maintain system and support documentation that is thorough and complete.
- Monitor and provide production support for trading related systems. This includes participating on rotating “on call” shifts as needed.
QUALIFICATIONS:
- Bachelor’s degree in Computer Science, Engineering or related concentration is required.
- Prior experience in the investment management industry is required with portfolio management or trading systems experience is preferred.
- Experience working with Order Management Systems (OMS) or Execution Management Systems (EMS), Charles River Development (CRD) in particular, is preferred but not required.
- Requires 5+ years of direct, hands-on experience with SQL Server Database development. Strong database skills including experience writing complex SQL queries, stored procedures and query optimization is necessary.
- Basic level experience with Microsoft .NET programming, specifically with C#, Winforms and middle tier services. (ASP / Web experience is not applicable).
- Experience with reporting tools. SSRS and/or Crystal Reports preferred.
- Strong technical documentation skills are required.
- Excellent organizational and communication skills.
Applications Developer - Compliance and Reporting
JOB DESCRIPTION:
We are looking for an experienced software developer who can independently and as part of a team work on software development projects used to support Arrowstreet’s Compliance and Reporting department. This individual will work closely with the business users, developers, QA and Operations teams to design, develop and implement custom software. Responsibilities include technical design and documentation, task estimation, coding and implementing. Experience in the financial/investment field is highly preferred.
The software technologies involved include: T-SQL, SQL Server 2008, C#, Visual Studio TFS 2010, SSRS, Crystal Reports, Infragistics controls, and WCF.
PRINCIPLE DUTIES AND RESPONSIBILITIES:
- Working directly with business users to understand the business needs; and then developing solutions to meet those requirements.
- Developing good technical designs, corresponding documentation, and estimates.
- Coordination with other groups (QA, networking, operations, and business users) as needed through to production implementation.
- Coding and implementing the solutions.
- Third tier developer support of the production systems.
QUALIFICATIONS:
- The ideal candidate must have a proven track record of success as a software developer.
- Bachelor’s degree in Computer Science or Engineering is a requirement.
- 5+ years as a Software Developer in a Microsoft environment.
- 3+ years experience using Microsoft SQL Server (2005 or 2008) including schema design, stored procedure development, performance tuning and optimization. Experience working on large (multi terabyte) databases a strong plus.
- Experience with LINQ to SQL is a plus.
- 3+ years of in-depth C# and .NET development.
- Knowledge of Object Oriented Application Design best practices and techniques.
- Development experience with SSRS.
- Experience with Application Lifecycle Management using Microsoft Team Foundation Server (TFS) a strong plus
Applications Developer - Supporting Portfolio Management Systems
JOB DESCRIPTION:
The application developer will build, maintain, support and improve upon the software used to manage our client’s portfolios. This involves integrating information between various market data providers, back office partners, trading system and the portfolio management system. The software technologies involved include heavy use of SQL Server 2008 Databases, C#, Dot Net, Visual Studio 2010, SSRS as well as some Crystal Reports and VB6. The developer will work closely with members of our Portfolio Management Team (Traders), as well as interact with other groups in the firm including Compliance, Operations, Networking and QA.
The ideal candidate requires an in-depth knowledge of both T-SQL and C# skills. The candidate must be a strong problem solver with an interest in and an ability to learn and understand the business domain. He/she must have the ability to quickly learn and understand the basic logic of a system by reviewing the existing code base. The ability to work independently and with a close attention to detail is a must. Strong experience with MS SQL Server 2008 is required. Prior financial industry experience is a very strong plus.
PRINCIPLE DUTIES AND RESPONSIBILITIES:
- Work closely with business users to understand the business needs and requirements; then design and develop applications that meet those requirements.
- Develop and enhance stored procedures, views, functions and triggers.
- Develop new front-end and middle tier applications and processes in C# using service oriented architectures.
- Be able to maintain existing VB6 applications.
- Address data quality questions and issues with users and data vendors.
- Provide production support for applications and processes, including participating in rotating on-call shifts outside of normal business hours.
QUALIFICATIONS:
- Bachelor’s degree in Computer Science or Engineering is a requirement.
- 10 years of overall software development experience.
- 5+ years of direct hands-on experience as a SQL Server Database Developer.
Strong database skills are of highest importance. Knowledge of database design, normalization, queries, stored procedures, query optimization, and data imports/exports/transformation is a necessity.
- 5+ years experience with Microsoft Dot Net programming and knowledge of Object Oriented Programming, specifically with C# or VB.NET in a Winforms environment. (ASP / Web experience is not applicable for this role.)
- Ability to maintain existing legacy VB applications.
- Only candidates with both database and C# programming experience will be considered. (You will be asked to write code during the interview process.)
- Experience in financial services industry (specifically securities investments) a strong plus.
- Excellent organizational and communication skills.
Portfolio Management Trade Operations Associate
JOB DESCRIPTION:
This position involves working as a member of the portfolio management team to help facilitate the processing of equity and fx trades done on behalf of the accounts we manage at Arrowstreet. The job will also require assisting with the attribution of account performance and with creating periodic reports of performance attribution for clients, as well as other ad-hoc projects as needed.
We are also looking for candidates who show promise at helping to automate and streamline various day to day tasks we perform. To this end, programming skills are highly desirable.
Typical Duties :
The typical duties will include, but are not be limited to the following:
- Helping to ensure that our daily trade communications with our back office service provider occur in an accurate and timely manner.
- Working with our back office service provider, brokers and custodians to resolve issues relating to trades that have failed, or are at risk of failing.
- Helping to elect corporate actions and review that actions already elected have been processed.
- Assisting our back office to resolve outstanding claims involving brokers and custodians.
- Acting as a key contact between the ASC portfolio management team and our back office service provider.
- Helping to run periodic portfolio attributions and performance letters for separate accounts.
- Assisting with various longer term projects to help automate trade/portfolio management workflow.
QUALIFICATIONS:
- Bachelors degree (Economics, Finance or Business preferred) and a minimum of 1 year of business experience.
- Proficiency with Microsoft Office is a necessity.
- Excellent organizational, analytical and problem solving skills, as well as the ability to work under pressure while meeting numerous deadlines.
- Some programming experience necessary, especially in VBA, VB, SQL and/or Python.
- Familiarity with FactSet and Bloomberg preferred.
- CFA charter or enrollment in the CFA Institute's CFA program is desirable.
- Strong written and verbal communication skills.
Applications Developer - Research Group
JOB DESCRIPTION:
The developer will work in a small team that builds systems for the Research group. The purpose of these systems is to produce forecasts that drive trading decisions. It’s therefore very important that these systems be logically correct, fast, and reliable. The software is highly data-centric and involves processing very large datasets so strong database skills are required. Experience with C# is also a must. The developer will have autonomy commensurate to his/her abilities.
Typical Duties:
- Work closely with business users to review requirements. Develop, recommend, and discuss technical designs that meet those requirements.
- Implement (code) the technical solutions in Microsoft T-SQL and C# using SQL Server Management Studio, Visual Studio 2010, and related tool sets.
- Create new reports and enhance existing reports using SSRS.
- Coordinate with members of the QA team to create a QA test plan and resolve issues/bugs identified during QA testing.
- Coordinate with members of the IT Operations team to get software changes released to the production environment.
- Use TFS to source control the software and to track development tasks, production support tasks, test cases, and install tickets.
- Developers are expected to provide support to resolve production issues expediently.
QUALIFICATIONS:
- Computer Science, Engineering, Math or related degree is a requirement.
- Requires 4-6+ years of professional SQL Server and C# development experience.
- Strong SQL coding skills (Microsoft SQL Server 2005 and 2008).
- Performance tuning and optimization of SQL code.
- Experience in solving environment configuration problems.
- Experience in database design.
- Experience working with very large data sets and large databases is preferred.
- Experience with ETL.
- Experience working with SSRS.
- High attention to detail.
- Enjoy analytical problem solving.
- An interest in the stock market is needed to be successful in this position.
- Experience in finance is a plus.
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