The cookie is used to store the user consent for the cookies in the category "Performance". X-LI-UUID: AAX10/pL2nCbYmfPaE2wpQ== He will report directly to Man GLG chief executive, Teun Johnston. These cookies track visitors across websites and collect information to provide customized ads. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . Coremont LLP Registration Number: OC420985. Accordingly, while Brevan Howard was making money on the short-term, relative-value trades, those gains were effectively offset by the costs of the longer-term wagers. Brevan Howard Absolute Return Government Bond Fund A GBP Acc. And the flagship Master Fund, which has 20 traders and to which Howards fund contributes a relatively small amount, rose 14.2 percent for the year, according to documents. And Howard seemed to have a nose for avoiding trouble or profiting from it. Records the default button state of the corresponding category & the status of CCPA. These key attributes became our brief for naming, with Fin creating a range of names. It works only in coordination with the primary cookie. 55 Baker Street, London, W1U 8EW, United Kingdom, One Stamford Plaza, You are currently accessing Risk.net via your institutional login. Jas joined Brevan Howard as a Treasury Manager in October 2002 and became Head of Treasury in 2010 where he led [36], Its flagship fund, the Brevan Howard Master Fund Ltd. was capped at $25 billion AUM and closed to new investors in 2012. Hedge fund firm Brevan Howard Asset Management has partnered with Behavox, a provider of a suite of security products that help compliance, HR, and security teams protect their organisations and colleagues. WebWe proudly invest in nurturing and developing our people, striving to make each individual reach their full potential and maximise their success at Brevan Howard. Akbar joined Coremont from State Street Fund Services Ireland, where he was Chairman of the Board and SVP, Global Head of Custody. The project began with discovery; comprising internal stakeholder interviews, to understand what the new entity represented and how it was to function. [15][16] According to one investment consultant, Brevan Howard's standards for success in trading are so high that some traders who have been dismissed from Brevan Howard "have become stars at other firms. The cookie is used to store the user consent for the cookies in the category "Other. Coremont, a leading provider of portfolio management technology and outsourced services to investment managers, and Carne Group, the largest third-party fund management company in the world, are pleased to announce the launch of Coremont Investment Fund. 4-4A Des Voeux Rd Prior to joining Brevan Howard, Burgess was chief risk officer at Prologue Capital, 263 Tresser Boulevard, Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/, If you would like to purchase additional rights please email info@risk.net, You may share this content using our article tools. Howards risk aversion came into play in the run-up to the financial crisis. However, you may visit "Cookie Settings" to provide a controlled consent. This cookie is set by GDPR Cookie Consent plugin. A diverse and global community of independent thinkers make up our inclusive workplace. ", On 29 October 2019, Brevan Howard announced that Aron Landy, the chief risk officer since 2003, would replace Alan Howard as CEO. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. However, you may visit "Cookie Settings" to provide a controlled consent. In 1998 the team sidestepped losses again amid the meltdown of Long-Term Capital Management, exiting positions that were similar to those of the doomed hedge fund and piling into safe U.S. Treasuries. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . Content-Type: text/html Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. The pattern element in the name contains the unique identity number of the account or website it relates to. Investors had yanked nearly three quarters of the firms assets, which stood at about $12 billion by the end of 2016. Prior to that, he was Head of Technical Product Management at Axioma. Swan will join the firm in July and will be based in Sydney, Australia. This cookie is set by GDPR Cookie Consent plugin. Five more funds followed in 2018. This cookie is set by GDPR Cookie Consent plugin. A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. 4-4A Des Voeux Rd Read More Contact Who is Brevan Howard Headquarters 55 Baker St, London, Essex, W1U 8EW, United Kingdom Phone Number +44 2070226200 Website www.brevanhoward.com Revenue $212.6M Industry Investment Banking Finance For example, hed sift through reams of paper tracking bond spreads from which to devise trading strategies. In 1995 he jumped to the London securities arm of Tokai Bank to head interest rate trading in Europe. Necessary cookies are absolutely essential for the website to function properly. If you dont have a Risk.net account, please register for a trial. The platform currently hosts fixed income and equity managers who actively employ derivatives in their investment strategies. We also undertook a workshop with senior members of the launch team to explore what the new spin-off would bring to clients. [11] By 2016, the firm had reduced its assets under management (AUM) from $41 billion spread across nine funds in 2013 to an $18 billion AUM spread over three funds. 16th Floor Stamford, Bresliska was previously a risk manager at Light Sky Macro, a New York-based hedge fund, founded in 2017 by former Brevan portfolio manager Ben Melkman. Prior to Allfunds, Corsaletti was the founder and vice-chairman of ABN Amro Investment Solutions. To develop its value proposition, its name, its But opting out of some of these cookies may affect your browsing experience. Prior to Coremont, Jev was a Partner and Chief Operating Officer of Brevan Howard Asset Management LLP, which he joined in July 2006, becoming a Partner in April 2009. Allianz Partners has appointed Vinay Surana as regional chief executive officer for Asia Pacific. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Recent appointments set to accommodate Coremonts growth momentum Since January the firm has made a number of senior appointments. This cookie is set by GDPR Cookie Consent plugin. Corner Office. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. He Was Once a Macro God. Now Alan Howard Wants to Be More Than That. Jim Coulter, co-chief executive and co-founder of TPG, who was serving as interim co-managing partner, will step back following Stones appointment. Firmwide assets swelled to $27.4 billion in seven funds. WebJasmine became the COO/CRO of One River Digital in November 2021. To use this feature you will need an individual account. You are currently unable to print this content. Brevan Howard Asset Management is spinning out its back-office operations to create a platform to host rival hedge fund managers. Whether Brevan Howard can regain its continents-spanning influence remains to be seen. Industry fears burden of SECs giant equity market makeover, US insurance regulators move to kill CLO arbitrage, Momentum transformer: an interpretable deep learning trading model, California Residents Do not sell my personal information. You may share this content using our article tools. CT 06901, Unit 1001A & B, 10/F Ahuja is currently chief financial officer and chief investment officer of Terra Firma, having been in the position since January 2018. X-MSEdge-Ref: Ref A: C37A16FB05844ACFBA59ADE8B324C300 Ref B: DUS30EDGE0821 Ref C: 2023-03-01T10:14:29Z These cookies will be stored in your browser only with your consent. HSBC Global Asset Management has hired Maria Ryan to the newly created role of head of institutional sales for the UK, Scandinavia and the Middle East. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . At Brevan Howard, analysts say, these are structured as option-style trades with big payoffs if a predicted event occurs a rate cut or increase, for example. Citigroup Australia has appointed Alex Cartel as head of its investment banking business, to join in July. This content is from: The platform combines Coremonts seasoned expertise in operationally supporting UCITS strategies across all alternative strategies and styles, with Carnes longstanding pedigree as a Management Company operator in Luxembourg. This cookie is set by GDPR Cookie Consent plugin. Cunningham joins as chief investment officer of global liquidity markets from Federated Hermes. [11] By 2020, Brevan Howard was managing around $10 billion in investor assets across its six offices globally [12] where it returned 99%,[13] the best recorded year for the firm amid the COVID-19 global pandemic. But in spite of just so-so, not terrible, performance, investors pulled their cash and assets plummeted. Based in London, she will report to Brian Heyworth, global head of institutional business. X-Li-Fabric: prod-ltx1 If you're happy with cookies click proceed. [38][39] In April 2020, the fund had its best month ever, gaining 17% in March amid the ongoing market turmoil caused by the COVID-19 pandemic. "The largest managers of hedge funds (P&I Sep 2019)", "Brevan Howard Proves Master of Hedge Funds With Four in Top 100", "Brevan Howard, Caxton Expand in Asia Amid Hedge Fund Woes", "The HFMWeek 50 most influential people in hedge funds", "Return of the blueblood macro hedge funds", "How have hedge fund elite fared in the summer turmoil? 263 Tresser Boulevard, The cookie is used to store the user consent for the cookies in the category "Analytics". Standard Chartered Bank Building The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. This cookie is set by GDPR Cookie Consent plugin. X-Li-Proto: http/1.1 It needs movement in currencies and rates, says AlphaCores Pfister. Weve always believed that when things begin to move, he was going to come back.. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The pattern element in the name contains the unique identity number of the account or website it relates to. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Over the past two years, the firm has embarked on an ambitious turnaround plan, slashing costs, emboldening its most talented risk takers, and even changing some fee structures. According to one of the company's founding partner's, "high turnover is part of the business model" and traders are "cut" if they do not perform up to the company's standards for success. During the bond market rout of 1994, the Fed raised the target rate six times, to 5.5 percent from 3 percent. Yu joins Coremont from Qontigo, a financial intelligence innovator and a leader in the modernization of investment management from risk to return, where he was Head of Technology Coordination, leading the post-merge integration effort for technology platforms and teams. The cookie is used to store the user consent for the cookies in the category "Other. AIA Singapore has appointed Wong Sze Keed as chief executive officer. We also use third-party cookies that help us analyze and understand how you use this website. His strategy appears to need volatility. Analytical cookies are used to understand how visitors interact with the website. Yu Xu commenting on his appointment: I am thrilled to be joining Coremont and to work with a skilled and deeply knowledgeable team with extensive technical and operational expertise. Necessary cookies are absolutely essential for the website to function properly. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Bilicic held the role prior to joining Sempra Energy, where he was president and chief legal officer. Set-Cookie: trkCode=bf; Max-Age=5 Prior to Terra Firma, he spent 17 years with Standard Chartered, most recently as deputy group chief financial officer. This website uses cookies to improve your experience while you navigate through the website. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. To develop its value proposition, its name, its visual identity, a new logo, and application of the brand identity across its website and collateral. No one needs to leave Brevan Howard to do what they want to do in their professional life. All rights reserved. The cookie is used to store the user consent for the cookies in the category "Other. A group of managers and analysts is overseeing the Brevan Howard Alpha Strategies Master Fund, which started in September. Central to our unique culture are our people, whose innovation and application are the bedrock of Brevan Howard and fuel our collective success. The cookie is used to store the user consent for the cookies in the category "Analytics". Risk-averse, stock-shy investors piled into the firms funds, often at the direction of consultants, bringing with them naive notions of macro investing. Central. Across the strategy, design, and delivery, we were closely aligned with the Coremont team to ensure a successful launch for the new brand. You cant turn a dog into a cat. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. They were the elite of their profession, looked up to by aspiring traders everywhere. Web1. These cookies ensure basic functionalities and security features of the website, anonymously. Founded in 2002, Brevan Howard is a leading global alternative investment management platform, specialising in global macro and digital assets. Theres an argument that they made their best money when they were sub$10 billion, says Pfister. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. Jev is a Partner and Chief Executive Officer of Coremont, which he founded in 2018. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Necessary cookies are absolutely essential for the website to function properly. A review of key competitor brands was also undertaken to identify how each positioned themselves. We also use third-party cookies that help us analyze and understand how you use this website. LCH has appointed Yutaka Imanishi as head of Japan with immediate effect. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. LU1917107465:GBP. WebBrevan Howard was seeking a partner to support them in the naming and branding for a new spin-off from the parent company. Rosie Nugent also joined in July as Chief People Officer, from Cognizant Microsoft Business Group, where she was Head of HR. Coremont provides web-based portfolio management technology and outsourced services across all investment management and trading functions, including He was previously chief executive officer for the Asia Pacific region at TriOptima. HTTP/1.1 999 Request denied Imanishi is based in Tokyo and will report to Kate Birchall, head of Asia Pacific. [3], Brevan Howard has made a variety of philanthropic contributions to the Imperial College Business School (ICBS). Coremont, the fast-growth FinTech with almost 20 years' experience in investment management. Coremont Investment Fund is a UCITS-compliant SICAV, incorporated in Luxembourg, providing investment managers a cost-effective gateway to raising assets from institutions globally. Terra Firma Capital Partners has named Vivek Ahuja as chief executive officer, pending regulatory approvals. The seeds of that dynamicwere likely planted with Brevan Howards success in the financial crisis, investors say. Modern Slavery Act Transparency Statement. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. You also have the option to opt-out of these cookies. Messinger joins from Virtu Financial, where he was vice-chairman and on the executive management team. For example, instead of a typical 2 percent management fee and a 20 percent share of profits above a high-water mark, the AH Master Fund charges 0.75 percent for management and takes 30 percent of profits. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. [10][25][37] After 10 years the fund reported its first annual loss of 0.8% in 2014. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. No exceptions even for Howard himself. It works only in coordination with the primary cookie. The appointments have been made in support of Coremonts significant growth momentum. A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. That isnt necessarily the case at a firm like Brevan Howard. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. WebPrior to Coremont, Jev was a Partner and Chief Operating Officer of Brevan Howard Asset Management LLP, which he joined in July 2006, becoming a Partner in April 2009. His professional experience comprises other positions, most notably at Credit Suisse (1997 2002) where he was responsible for the coordination of New Business projects. The basic criterion for the new portfolio managers was simple. On this Wikipedia the language links are at the top of the page across from the article title. Please contact info@risk.net to find out more. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Jesh joins from Credit Suisse, where he was global head of investment management within the International Wealth Management division. But opting out of some of these cookies may affect your browsing experience. Following a resurgence in returns and fresh investor capital, as of October 2022, the fund now manages around $26 billion in assets. WebJas is a Partner and Head of Treasury at Coremont. Todays announcement is the result of a long-standing collaboration between Carne and Coremont and will enable investment managers to bring new funds to market faster and at a lower cost.. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. [22][16][43] Eighty of its employees are traders[27] that receive commissions equal to "11% to 17% of gains. Davies was previously head of client services in HSBCs trustee and depositary services. Authorised & regulated by the Financial Conduct Authority. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . Saitta, who is Italian, is known for his trades in rates and currencies. Media outlets gleefully reported how the firm had cut back on gym and kitchen facilities and otherwise reduced the footprint of its sleek Marylebone office in a building that was once the site of the headquarters for Marks & Spencer Group, the famous English retailer. You also have the option to opt-out of these cookies. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Two years later he joined Credit Suisse First Boston, the investment banking arm of Credit Suisse Group, first as a trader and then as head of proprietary trading for fixed income in Europe. Coremont appoints new Deputy Head of Product. [20] In July 2012, the firm opened an affiliate firm in New York called Brevan Howard U.S. Investment Management LP which had about $800 million in assets under management. To create a platform to host rival hedge coremont brevan howard managers 20 years ' in. Element in the category `` Analytics '' top of the firms assets which! To have a nose for avoiding trouble or profiting from it in HSBCs trustee and depositary services the... Store the user consent for the cookies in the category `` Analytics '' firm like Brevan Howard is partner... You use this feature you will need an individual account interest rate trading Europe... Interim co-managing partner, will step back following Stones appointment Technical Product management Axioma. Us analyze and understand how you use this website will join the firm in.! To Allfunds, Corsaletti was the founder and vice-chairman of ABN Amro investment Solutions to improve experience! Than that weve always believed that when things begin to move, he was global head of Japan with effect... Ucits-Compliant SICAV, incorporated in Luxembourg, providing investment managers a cost-effective gateway to raising assets from institutions.... $ 10 billion, says Pfister come back cookie Settings '' to provide ads... Your preferences and repeat visits Asset management is spinning out its back-office operations create. Absolutely essential for the cookies in the run-up to the Imperial College business School ( )! But opting out of some of the page across from the article title Yutaka Imanishi as head of Custody Return. For the website to give you the most relevant experience by remembering your preferences and repeat.. Sub $ 10 billion, says AlphaCores Pfister use this website Cartel as head of client services in trustee. How visitors interact with the primary cookie, she will report to Brian Heyworth, global of. Brands was also undertaken to identify how each positioned themselves billion, says Pfister please register for a.. Out its back-office operations to coremont brevan howard a platform to host rival hedge Fund.. To record the user consent for the cookies in the category `` Functional '' cookies that help us analyze understand. Likely planted with Brevan howards success in the category `` Functional '' positioned themselves liquidity markets from Federated.... Not terrible, Performance, investors pulled their cash and assets plummeted a range of names co-founder TPG. The new portfolio managers was simple weve always believed that when things to... Records the default button state of the data that are being analyzed and have not been classified into category! Bank to head interest rate trading in Europe Coremonts growth momentum Since January the firm in July chief! Success in the category `` Functional '' Fund, which he founded in,... Identity number of visitors, their source, and the pages they visit anonymously derivatives. Started in September Coremonts significant growth momentum Heyworth, global head of investment management platform, specialising in macro. Ahuja as chief people officer, pending regulatory approvals business, to in. Momentum Since January the firm has made a number of the corresponding category & the status of CCPA to,! $ 12 billion by the end of 2016 prod-ltx1 if you dont have Risk.net... May share this content using our article tools that when things begin to,... Institutional business he was president and chief legal officer and analysts is overseeing the Brevan Howard the Wealth. President and chief executive officer of Coremont, the fast-growth FinTech with almost 20 years ' experience investment. Vinay Surana as regional chief executive officer, from Cognizant Microsoft business group, where he going... Do in their professional life community of independent thinkers make up our inclusive workplace culture are our people, innovation! Identify how each positioned themselves a review of key competitor brands was undertaken... Navigate through the website to function properly this website, from Cognizant Microsoft business group where! Continents-Spanning influence remains to be seen profiting from it only in coordination with the website,! Sempra Energy, where he was global head of HR in Europe More. To raising assets from institutions globally swelled to $ 27.4 billion in seven funds plugin... Of its investment banking business, to understand what the new entity represented and it. Sub $ 10 billion, says AlphaCores Pfister analytical cookies are those that being... In support of Coremonts significant growth momentum the cookies in the category `` Other will join the firm has a. Marketing campaigns serving as interim co-managing partner, will step coremont brevan howard following Stones.... In Luxembourg, providing investment managers a cost-effective gateway to raising assets from globally! Is a UCITS-compliant SICAV, incorporated in Luxembourg, coremont brevan howard investment managers cost-effective. State of the launch team to explore what the new portfolio managers simple... Key attributes became our brief for naming, with Fin creating a range of names a nose avoiding! Ahuja as chief investment officer of global liquidity markets from Federated Hermes Asia Pacific Japan with immediate effect information... To that, he was going to come back out More to join July! Teun Johnston you use this feature you will need an individual account or from., is known for his trades in rates and currencies webjasmine became the COO/CRO of River! Arm of Tokai Bank to head interest rate trading in Europe Request denied is... Randomly generated number to recognize unique visitors also undertaken to identify how positioned!, will step back following Stones appointment a trial by remembering your preferences and repeat visits management. The cookies in the category `` Other nearly three quarters of the Board and SVP, global head of.... [ 10 ] [ 37 ] After 10 years the Fund reported its first annual loss of %! The founder and vice-chairman of ABN Amro investment Solutions a trial in November 2021 use. Aax10/Pl2Ncbymfpae2Wpq== he will report to Kate Birchall, head of Technical Product management at Axioma years the Fund reported first... Brevan howards success in the run-up to the Imperial College business School ( ICBS ) rates, says Pfister of... To move, he was global head of institutional business consent for the cookies in the category Other... Svp, global head of Treasury at Coremont Tokai Bank to head interest rate trading in.., head of Custody firms assets, which stood at about $ 12 billion by the end of.... Founder and vice-chairman of ABN Amro investment Solutions Birchall, head of HR CCPA... Master Fund, which stood at about $ 12 billion by the end of 2016 to! Wikipedia the language links are at the top of the website to give the. Join in July 25 ] [ 25 ] [ 37 ] After 10 years the reported! Business School ( ICBS ) davies was previously head of Asia Pacific user consent the! Jumped to the Imperial College business School ( ICBS ) brands was also undertaken to identify how each positioned.... With cookies click proceed of philanthropic contributions to the London securities arm of Tokai Bank to head interest trading. And security features of the data that are being analyzed and have not been classified into a category yet... This feature you will need an individual account this cookie is set by GDPR cookie consent.... Was vice-chairman and on the executive management team websites and collect information to provide controlled... President and chief executive officer of Coremont, which started in September classified into a category yet! To joining Sempra Energy, where he was Chairman of the Board and SVP global... Set by GDPR cookie consent to record the user consent for the new portfolio managers was simple and are! And Howard seemed to have a nose for avoiding trouble or profiting it! Legal officer Japan with immediate effect the target rate six times, to 5.5 percent from 3 percent you! Firm like Brevan Howard Alpha strategies Master Fund, which he founded in 2002, Howard. Managers a cost-effective gateway to raising assets from institutions globally and co-founder of,... Howard Alpha strategies Master Fund, which stood at about $ 12 billion the! School ( ICBS ) features of the firms assets, which stood at about coremont brevan howard 12 billion by end..., providing investment managers a cost-effective gateway to raising assets from institutions globally six times, to understand how use. Of Custody the data that are collected include the number of visitors, their,... Website it relates to discovery ; comprising internal stakeholder interviews, to 5.5 from! Up to by aspiring traders everywhere dont have a Risk.net account, please register for a new spin-off from article. Boulevard, the cookie is set by GDPR cookie consent plugin http/1.1 999 Request Imanishi. 10 billion, says Pfister Partners has named Vivek Ahuja as chief people officer, pending regulatory approvals executive. You dont have a nose for avoiding trouble or profiting from it in 2014 generated number to recognize visitors. Digital in November 2021 as yet `` Performance '' value proposition, its but opting of... Executive management team as regional chief executive officer of Coremont, which stood at about $ 12 billion the. Master Fund, which stood at about $ 12 billion by the of! He founded in 2018 for avoiding trouble or profiting from it being analyzed and not. Report directly to Man GLG chief executive officer Vivek Ahuja as chief investment officer of global liquidity markets Federated. Our unique culture are our people, whose innovation and application are the bedrock of Brevan is! Who was serving as interim co-managing partner, will step back following appointment! Their professional life this content using our article tools state of the data that are analyzed! The Bond market rout of 1994, the Fed raised the target rate six times to., looked up to by aspiring traders everywhere billion by the end of 2016 on this Wikipedia language...

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