Consistent outperformance for 15 years

Smart diversification

Research-backed systematic approach

Uncorrelated to traditional markets

Research is our passion

Strategy
We apply a research-driven and fully systematic investment approach to the most liquid global futures markets. We offer maximum diversification, liquidity and transparency to our investors.

Our flagship trend-following program, the Quantica Managed Futures (“QMF”) Program, was launched in 2005.

Since its inception, the QMF program has delivered robust risk-adjusted returns with low long-term correlation to equity markets and with a high Sharpe ratio consistently outperforming the CTA industry’s benchmarks.

Mission and Investment Philosophy

Quantica Capital integrates research with the investment and risk management through a unified systematic approach.

The center of our investment philosophy is the conviction that quality risk-adjusted returns can be systematically exploited. We analyze liquid markets across asset classes to identify those that exhibit relative out- or underperformance. Such trends that occur over a couple of weeks to months are, as can be empirically shown, the result of global capital flows.

Investment and Risk Management

Our proprietary approach applies unique data analysis, portfolio construction and risk management techniques using fully systematic and solely price-driven models.

 

  • Our risk-based approach identifies relative trends and divergent markets.
  • It adjusts positions on a daily basis.
  • As a result, the QMF program has produced consistent returns across different equity market cycles.

Research

The application of mathematics and economics is the foundation of our investment approach.

 

  • We place utmost importance on the ability to adapt to ever-changing market environments and to ensure that our return expectations remain constant.
  • As a result, the QMF program can serve as a reliable long-term diversifier for equity and alternatives portfolios through different market cycles.
  • We apply research to identify potential new opportunities and findings that ensure our cutting edge in the future.
Insights
Find out more about our publications, press coverage, awards and relevant events.

Publications

Press coverage

Awards

About us
We are a Swiss-based alternative asset manager specialized in systematic investment strategies. Since 2005, the Quantica Managed Futures Program has delivered significant and sustained outperformance.
Dr Rainer A. Rüppel, President of the Board
Dr Rüppel is an entrepreneur and investor with a focus on technology and finance. He is a founder or co-founder of several companies and holds several board positions.
His background is computer science and applied mathematics. He holds a Ph.D. from the Swiss Federal Institute of Technology (ETH Zurich) and was Assistant Professor at the University of California in San Diego (UCSD).

 

Dr Bruno Gmür, Chief Investment Officer & Co-head of Research

Dr. Bruno Gmür is the founder and Chief Investment Officer (CIO) of Quantica Capital AG. He is also a member of the Board of Directors of the Company.

From the inception of Quantica Capital AG in May 2003 to the present, Bruno has been responsible for the design and implementation of Quantica Capital AG’s investment process and acts as the responsible portfolio manager for the Quantica Managed Futures (QMF) Program. In his role as CIO, Bruno heads the investment committee and further co-heads the research committee.

From March 2001 through February 2003, Bruno was employed by Bank Julius Baer in the chief investment office as vice president and senior quantitative analyst. He was also a voting member of the Bank’s strategic asset allocation committee and was responsible for the development and implementation of a quantitative risk management framework for the tactical and strategic asset allocation investment process. Bruno was also responsible for the design, pricing and implementation of various structured and alternative products. From November 1998 through February 2001, he was employed by Swiss Re Life and Health, a leading global reinsurance company based in Zurich. Bruno’s responsibilities included the development and  pricing of financial solutions and customized financial reinsurance covers for global insurance companies. From October 1994 through October 1998, Bruno was employed by the University of Zurich at the institute of empirical research as a lecturer and teaching and research assistant. His responsibilities included teaching graduate courses in game theory and capital market theory. From May 1993 through October 1994, Bruno was employed by the Swiss Federal Institute of Technology (ETH Zurich) at the seminar for applied mathematics as a teaching and scientific assistant.

In March 2001, Bruno Gmür earned the designation as a qualified actuary from the Swiss Association of Actuaries. In October 1998, he earned his PhD in Economics (Dr oec publ) with “summa cum laude” from the University of Zurich. In October 1992 he earned his Master in Mathematics (Dipl. Math.ETH) from the Swiss Federal Institute of Technology (ETH Zurich).

bruno.gmuer@quantica-capital.com

 

Markus Gonseth, Board Member

Markus Gonseth is a member of the Board of Directors of Quantica Capital. He previously was CEO at Infidar Investment Advisory Ltd that became WMPartners in 2015 and was later integrated into Bank Julius Bär. He was further Member of the Foundation Board and Chairman of the Investment Board of the bank’s Pension Fund.
Markus Gonseth has more than 40 years of investment and asset management experience. He holds a Bachelor in Business Administration from Zurich City Business School.

Nicolas Mirjolet, Chief Executive Officer & Co-head of Research

Nicolas Mirjolet is the Chief Executive Officer (CEO) of Quantica Capital AG.

As head of the Executive Management Committee reporting to the firm’s Board of Directors, Nicolas is responsible for the implementation of the business strategy and the day-to day management of Quantica Capital. He further co-heads the research committee and is a member of the investment committee. He develops the firm’s research objectives in close collaboration with the CIO and is responsible for the roadmap’s timely and efficient implementation and optimal allocation of Quantica Capital’s research resources.

Nicolas joined Quantica Capital from RAM Active Investments, a multi-billion systematic asset management company based in Geneva, where he served from January to December 2019 as senior quantitative investment manager, developing and managing systematic short-term equity long/short strategies. Until September 2018, Mirjolet was CIO and lead portfolio manager of Tolomeo Capital, a Zurich based systematic asset manager specialized in long/short equities and futures strategies. He co-founded Tolomeo Capital in May 2011, after doing a spin-out with the quant & risk-management team of a multi-billion family office in Zurich he had joined in February 2010. Nicolas started his career in June 2006 as a quant analyst for ETH Zurich spin-off swissQuant.

Nicolas Mirjolet graduated from CentraleSupélec in Paris (France) in July 2006 and holds a MSc in electrical engineering from the Swiss Federal Institute of Technology (ETH Zurich), received in May 2006.

nicolas.mirjolet@quantica-capital.com

 

Dr Bruno Gmür, Chief Investment Officer & Co-head of Research

Dr. Bruno Gmür is the founder and Chief Investment Officer (CIO) of Quantica Capital AG. He is also a member of the Board of Directors of the Company.

From the inception of Quantica Capital AG in May 2003 to the present, Bruno has been responsible for the design and implementation of Quantica Capital AG’s investment process and acts as the responsible portfolio manager for the Quantica Managed Futures (QMF) Program. In his role as CIO, Bruno heads the investment committee and further co-heads the research committee.

From March 2001 through February 2003, Bruno was employed by Bank Julius Baer in the chief investment office as vice president and senior quantitative analyst. He was also a voting member of the Bank’s strategic asset allocation committee and was responsible for the development and implementation of a quantitative risk management framework for the tactical and strategic asset allocation investment process. Bruno was also responsible for the design, pricing and implementation of various structured and alternative products. From November 1998 through February 2001, he was employed by Swiss Re Life and Health, a leading global reinsurance company based in Zurich. Bruno’s responsibilities included the development and  pricing of financial solutions and customized financial reinsurance covers for global insurance companies. From October 1994 through October 1998, Bruno was employed by the University of Zurich at the institute of empirical research as a lecturer and teaching and research assistant. His responsibilities included teaching graduate courses in game theory and capital market theory. From May 1993 through October 1994, Bruno was employed by the Swiss Federal Institute of Technology (ETH Zurich) at the seminar for applied mathematics as a teaching and scientific assistant.

In March 2001, Bruno Gmür earned the designation as a qualified actuary from the Swiss Association of Actuaries. In October 1998, he earned his PhD in Economics (Dr oec publ) with “summa cum laude” from the University of Zurich. In October 1992 he earned his Master in Mathematics (Dipl. Math.ETH) from the Swiss Federal Institute of Technology (ETH Zurich).

bruno.gmuer@quantica-capital.com

 

Karin Jans, Head of Business Development

Karin Jans is the Head of Business Development (HBD) at Quantica Capital AG.

She joined Quantica Capital AG in August 2015 as Director Business Development & Investor Relations. She subsequently developed into the role of Head of Business Development and has been a member of the executive committee since June 2020. She has further been heading the Firm’s ESG Committee since its inception in May 2019.

Before joining Quantica Capital, Karin was a Senior Relationship Manager with Union Bancaire Privée, covering institutional clients in Switzerland. Karin has more than 15 years of experience in the alternative investment industry. Prior to UBP, she worked as a Senior Relationship Manager for BlackRock. She started her career in 2003 at Swiss Re, where she worked in the company’s private equity unit as a Client Services Specialist and later as a Senior Relationship Manager.

Karin Jans holds a Bachelor Degree from the University of Applied Sciences in Zurich and is a CFA charterholder.

karin.jans@quantica-capital.com

 

Fabien Vouilloz, Chief Operating Officer & Chief Risk Officer

Fabien Vouilloz is the Chief Operating Officer (COO) of Quantica Capital AG.

He joined Quantica Capital AG in April 2015 as an assistant portfolio manager and quant researcher. From his early days at Quantica Capital AG, he has been part of the research committee and the portfolio implementation and trading team and since June 2020, he is a member of the executive committee and a member of the investment committee.

He began his career in March 2011 as a quantitative analyst at UBS Investment Bank in Zurich. He worked on developing VaR methodologies and statistical methodologies for the estimation of risk of specific products. Later on, from March 2014 to March 2015, he joined the portfolio construction team in the Wealth Management division of UBS where he was part of the team responsible for the implementation of the discretionary mandates of the investment management division.

Fabien Vouilloz holds a master’s degree in mathematics from the Swiss Federal Institute of Technology (EPFL) where he graduated in March 2011.

fabien.vouilloz@quantica-capital.com

 

Dr Bruno Gmür, Chief Investment Officer & Co-head of Research

Dr. Bruno Gmür is the founder and Chief Investment Officer (CIO) of Quantica Capital AG. He is also a member of the Board of Directors of the Company.

From the inception of Quantica Capital AG in May 2003 to the present, Bruno has been responsible for the design and implementation of Quantica Capital AG’s investment process and acts as the responsible portfolio manager for the Quantica Managed Futures (QMF) Program. In his role as CIO, Bruno heads the investment committee and further co-heads the research committee.

From March 2001 through February 2003, Bruno was employed by Bank Julius Baer in the chief investment office as vice president and senior quantitative analyst. He was also a voting member of the Bank’s strategic asset allocation committee and was responsible for the development and implementation of a quantitative risk management framework for the tactical and strategic asset allocation investment process. Bruno was also responsible for the design, pricing and implementation of various structured and alternative products. From November 1998 through February 2001, he was employed by Swiss Re Life and Health, a leading global reinsurance company based in Zurich. Bruno’s responsibilities included the development and  pricing of financial solutions and customized financial reinsurance covers for global insurance companies. From October 1994 through October 1998, Bruno was employed by the University of Zurich at the institute of empirical research as a lecturer and teaching and research assistant. His responsibilities included teaching graduate courses in game theory and capital market theory. From May 1993 through October 1994, Bruno was employed by the Swiss Federal Institute of Technology (ETH Zurich) at the seminar for applied mathematics as a teaching and scientific assistant.

In March 2001, Bruno Gmür earned the designation as a qualified actuary from the Swiss Association of Actuaries. In October 1998, he earned his PhD in Economics (Dr oec publ) with “summa cum laude” from the University of Zurich. In October 1992 he earned his Master in Mathematics (Dipl. Math.ETH) from the Swiss Federal Institute of Technology (ETH Zurich).

bruno.gmuer@quantica-capital.com

 

Nicolas Mirjolet, Chief Executive Officer & Co-head of Research

Nicolas Mirjolet is the Chief Executive Officer (CEO) of Quantica Capital AG.

As head of the Executive Management Committee reporting to the firm’s Board of Directors, Nicolas is responsible for the implementation of the business strategy and the day-to day management of Quantica Capital. He further co-heads the research committee and is a member of the investment committee. He develops the firm’s research objectives in close collaboration with the CIO and is responsible for the roadmap’s timely and efficient implementation and optimal allocation of Quantica Capital’s research resources.

Nicolas joined Quantica Capital from RAM Active Investments, a multi-billion systematic asset management company based in Geneva, where he served from January to December 2019 as senior quantitative investment manager, developing and managing systematic short-term equity long/short strategies. Until September 2018, Mirjolet was CIO and lead portfolio manager of Tolomeo Capital, a Zurich based systematic asset manager specialized in long/short equities and futures strategies. He co-founded Tolomeo Capital in May 2011, after doing a spin-out with the quant & risk-management team of a multi-billion family office in Zurich he had joined in February 2010. Nicolas started his career in June 2006 as a quant analyst for ETH Zurich spin-off swissQuant.

Nicolas Mirjolet graduated from CentraleSupélec in Paris (France) in July 2006 and holds a MSc in electrical engineering from the Swiss Federal Institute of Technology (ETH Zurich), received in May 2006.

nicolas.mirjolet@quantica-capital.com

Dr Artur Sepp, Director of Research

Dr Artur Sepp is responsible for Research at Quantica Capital AG. Previously, he worked at Julius Baer in Zurich as a Senior Quant Strategist developing algorithmic solutions and strategies for trading and portfolio advisory. Beforehand, Artur worked in leading roles as a Front Office Quant Strategist for equity and credit derivatives trading at Bank of America Merrill Lynch in London and Merrill Lynch in New York. Artur holds a PhD in Mathematical Statistics from University of Tartu, an MSc in Industrial Engineering and Management Sciences from Northwestern University, and a BA in Mathematical Economics from Tallinn University of Technology. Artur’s research and expertise are on econometric data analysis, statistical machine learning and computational methods along with corresponding technology and applications for quantitative trading, wealth management and asset allocation. He is the author and co-author of several research articles on quantitative finance published in key journals and he is known for his contributions to stochastic volatility and credit risk modelling. He is a member of the editorial board of the Journal of Computational Finance.

artur.sepp@quantica-capital.com

 

Fabien Vouilloz, Chief Operating Officer & Chief Risk Officer

Fabien Vouilloz is the Chief Operating Officer (COO) of Quantica Capital AG.

He joined Quantica Capital AG in April 2015 as an assistant portfolio manager and quant researcher. From his early days at Quantica Capital AG, he has been part of the research committee and the portfolio implementation and trading team and since June 2020, he is a member of the executive committee and a member of the investment committee.

He began his career in March 2011 as a quantitative analyst at UBS Investment Bank in Zurich. He worked on developing VaR methodologies and statistical methodologies for the estimation of risk of specific products. Later on, from March 2014 to March 2015, he joined the portfolio construction team in the Wealth Management division of UBS where he was part of the team responsible for the implementation of the discretionary mandates of the investment management division.

Fabien Vouilloz holds a master’s degree in mathematics from the Swiss Federal Institute of Technology (EPFL) where he graduated in March 2011.

fabien.vouilloz@quantica-capital.com

 

Dr Zak Turčinović, Quantitative Researcher

Dr Zak Turčinović is Quantitative Researcher at Quantica Capital AG. Prior to joining Quantica, Zak was a Quantitative Strategist in the Systematic Trading Strategies Group at Goldman Sachs in London, working on data-driven systematic equity indices. He started his career having held various roles at systematic trading boutiques in Switzerland and in the UK. Zak holds a Ph.D. in Mathematics from Imperial College London and an MSc in Mathematics from the Swiss Federal Institute of Technology (ETH) in Zurich.

Dr José Ignacio Andrés , Head of Portfolio Implementation & Trading

Dr José Ignacio Andrés is the Head of Trading and Portfolio Implementation. Prior to joining Quantica Capital, José Ignacio, aka Nacho, held a Senior portfolio manager role within the Investment Solutions team at UBS Asset Management, based in Zurich. His focus was on quantitative analysis, research, and management of absolute return multi-asset portfolios. As part of the Investment Committee, he contributed to asset allocation research and analysis focusing on cross-asset and derivatives in support of asset allocation strategy setting. Prior to this, he was a space scientist working in co-operation with ESA and NASA in the Netherlands. Nacho holds a PhD in Space Physics from the Delft University of Technology, a MSc and BEng in Aerospace Engineering from the Universidad Politécnica de Madrid, and a BA Arts in Music from the Katarina Gurska Advance School of Music. Nacho is a CFA and CAIA charter holder.

Paul Müller, Full Stack Software Engineer

Paul Müller is a full stack software engineer in the Investment Operation team. Before joining Quantica Capital AG, Paul was a data analyst at Finance-Doc Multimanagement AG working on smart data and visualization tools. He holds a master degree in applied mathematics from the engineering school Ecole Centrale de Marseille.

paul.muller@quantica-capital.com

 

Dr. Robert Kende, Head of Technology

Dr. Robert Kende is the Head of Technology at Quantica Capital AG. Prior to joining Quantica, Robert was responsible for implementing and leading the development of analytical and portfolio management platforms at Corestone Asset Management AG as Director of Technology (3 years) and before that with Altis Investment Management AG as the Head of Development (10 years). Robert joined the industry in 2006 at IMC Trading Amsterdam B.V. where he helped developing the market-making technology of the company. Robert holds a master's degree in Control Engineering and a PhD in Artificial Intelligence both from the Technical University of Kosice (Slovakia).

robert.kende@quantica-capital.com

 

Paul Müller, Full Stack Software Engineer

Paul Müller is a full stack software engineer in the Investment Operation team. Before joining Quantica Capital AG, Paul was a data analyst at Finance-Doc Multimanagement AG working on smart data and visualization tools. He holds a master degree in applied mathematics from the engineering school Ecole Centrale de Marseille.

paul.muller@quantica-capital.com

 

Karin Jans, Head of Business Development

Karin Jans is the Head of Business Development (HBD) at Quantica Capital AG.

She joined Quantica Capital AG in August 2015 as Director Business Development & Investor Relations. She subsequently developed into the role of Head of Business Development and has been a member of the executive committee since June 2020. She has further been heading the Firm’s ESG Committee since its inception in May 2019.

Before joining Quantica Capital, Karin was a Senior Relationship Manager with Union Bancaire Privée, covering institutional clients in Switzerland. Karin has more than 15 years of experience in the alternative investment industry. Prior to UBP, she worked as a Senior Relationship Manager for BlackRock. She started her career in 2003 at Swiss Re, where she worked in the company’s private equity unit as a Client Services Specialist and later as a Senior Relationship Manager.

Karin Jans holds a Bachelor Degree from the University of Applied Sciences in Zurich and is a CFA charterholder.

karin.jans@quantica-capital.com

 

Jan Walkiewicz, Director of Institutional Sales

Jan Walkiewicz is a Director of Institutional Sales at Quantica Capital. Before joining Quantica, Jan worked as a Hedge Fund Specialist at UBS Switzerland AG. Prior to that, he was as a Relationship Manager at Fundbase Fund Services AG, a financial technology company focused on alternative investments. He started his career as an analyst and commodity derivatives trader at OSTC Group. Jan is a CAIA charterholder.

jan.walkiewicz@quantica-capital.com

 

Lukasz Wojtowicz, Director of Institutional Sales

Lukasz Wojtowicz is Director of Institutional Sales at Quantica Capital. Before joining Quantica Capital, Lukasz spent several years at Aspect Capital, a multi-billion systematic asset manager based in London, as a Senior Institutional Sales responsible for its asset raising efforts across Europe, North America and the Middle East. Before that, he worked as the Head of Multi-Strategy Sales at Trium Capital, a multi-strategy manager based in London. In 2008 Lukasz joined Ion Asset Architecture, a systematic hedge fund, as a Sales and Marketing Associate and subsequently became the Head of Sales and Business Development and oversaw all asset raising and investor relations activities for the group. Lukasz started his career at Merrill Lynch as an investment banking analyst. Lukasz holds a MA degree in Law and Administration from the Adam Mickiewicz University, a BA (Hons) degree in Business Management from the Southampton Solent University and received his executive education from the University of Cambridge Judge Business School. Lukasz is a CAIA charterholder.

lukasz.wojtowicz@quantica-capital.com

 

Tristan Hauri, Senior Product Specialist

Tristan Hauri is Senior Product Specialist at Quantica Capital. Before joining Quantica, Tristan worked as Senior Investment Advisor at LGT Bank in Switzerland and Liechtenstein. His main tasks were advising private clients on a multi asset class basis, educating clients & relationship managers on the private markets offering and acting as alternative asset specialist. He started his career at Credit Suisse, while completing a master’s degree in Banking & Finance at the University of St. Gallen. During his time at LGT, Tristan also completed a CAS at the University of Zurich in Banking & Finance Law. He is a FRM charterholder.

tristan.hauri@quantica-capital.com

 

Melanie Garrido, Deputy Head Accounting, Controlling & HR

Melanie Garrido is Deputy Head Accounting, Controlling & HR at Quantica Capital. Before joining Quantica, Melanie worked as a Customer Service Associate and Supply Network Planner at JT International SA in Geneva and as an Artwork Assistant at Unilever in Schaffhausen. She is fluent in French and holds a Cambridge Certificate of Proficiency in English.

melanie.garrido@quantica-capital.com

 

Françoise Lang, Head Accounting, Controlling & HR

Françoise Lang is Head Accounting, Controlling & HR at Quantica Capital. Before joining Quantica, Françoise worked as a trustee at Klauser & Partner AG in Schaffhausen. Françoise is a Swiss certified trustee. She is fluent in English.

francoise.lang@quantica-capital.com

 

Organization
We are a privately held company, focusing on the alignment of interests between investors, employees and shareholders alike and are dedicated to accurately and timely comply with applicable law and regulation.
Memberships and regulation

Quantica Capital AG is regulated and licensed as an asset manager of collective investment schemes by the Swiss Financial Market Supervisory Authority (FINMA). It is also a member of the National Futures Association (NFA), registered as a Commodity Trading Advisor (CTA) and Commodity Pool Operator (CPO) with the Commodity Futures Trading Commission (CFTC).

Quantica Capital AG is a member of the Alternative Investment Management Association Limited (AIMA), signatory of the Standards Board for Alternative Investments (SBai) and the United Nations supported Principles for Responsible Investment (UNPRI). The company is further a member of the Asset Management Association Switzerland (AMAS).

Sustainability

As an independent and employee-owned company, trust, responsibility and integrity are at the core of our business principles. We aim at conducting all our business activities in a responsible and ethical manner for the benefit of our investors, employees, shareholders, local community, and the industry.

We strive to offer investment solutions that offer maximum transparency, liquidity and capacity while avoiding unnecessary complexity in terms of modelling and the use of financial derivatives. Consequently, we refrain from investing into less liquid or more complex securities or derivatives. Additionally, we seek to implement our investment program with the least possible impact on each of the markets in which we operate. While Quantica does seek to take advantage of medium- to long-term price trends, it does not want to be the source of such moves. In fact, we believe that one of our core responsibilities as investment manager is to implement our program with the least possible impact on each of the markets in which we operate. We want to contribute to their efficient functioning by providing liquidity and facilitating price discovery.

Additionally, we are committed to evaluate the relevance of and to incorporate environmental, social and governance (ESG) factors into our investment decision making process across all asset classes traded by Quantica to the extent this:

  • supports our investors in meeting their own Responsible Investment objectives;
  • does not compromise the portfolio’s overall risk/return characteristics; and that this
  • can be implemented in a fully systematic way and in line with our investment mandates.

The process for evaluating the inclusion of ESG factors is data-driven and subject to the same rigorous quantitative testing requirements that apply to any other of the firm’s research projects. We do not hold any single stock or corporate debt positions; our investment universe is exclusively composed of the most liquid futures on equity indexes, sovereign bonds, short-term interest rates, currencies and commodities. There is hence no opportunity for Quantica Capital to take any active ownership or to exercise voting rights in any underlying entity.

Quantica recognizes that different investors may have different views about integrating ESG factors into their investment universes. We are committed to providing access to our flagship investment program (the QMF Program) through a wide array of investment solutions, from commingled funds to separately managed accounts. For instance, recognizing the trend amongst a certain category of investors towards excluding commodities from their investment universes, Quantica launched in 2018 the QMF Focus Fund, a replication of its flagship QMF Program, but without the possibility to invest into commodity related futures. Similarly, the firm’s segregated managed accounts and dedicated fund share classes offer additional flexibility in accommodating specific ESG objectives and requirements, subject to certain operational and investment management constraints. To summarize, Quantica is fully committed to support its investors in their own ESG considerations and their implementation of specific PRIs.

Finally, as we are driven by continuously improving and challenging our fully systematic investment process, we are similarly committed to continuously improve and challenge our responsible investing principles. We actively engage with clients, peers and relevant industry bodies (such as PRI, SBAI and AIMA) to embrace and promote best practices, innovations, and developments for the benefit of all our stakeholders.

Careers

Currently there are no job openings available.

Contact
Tel: +41 44 556 69 00

Zurich Branch

Bärengasse 29
8001 Zürich
Switzerland

Domicile

Freier Platz 10
8200 Schaffhausen
Switzerland

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