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May 01, 2019  

Machine-Learning Shop Seeks LPs

Two data scientists are trying to raise $20 million for a hedge fund that employs machine-learning techniques.The campaign marks the first attempt by Christopher Kramvis and Uppili Krishnamachari to raise outside money for the vehicle, which they launched in July 2018 via a Hoboken, N.J., management firm called DropShot Capital. They started with $7.5 million from friends and family members.DropShot takes a long-only approach to investing in...

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