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Economy

Hedge Funds v. Silicon Valley, The Battle For Quant Talent

Talent is distributed around the globe, opportunity is not. Visit to a finance-sponsored 'datathon' to find the next generation of quantative wizards.

Taking notice at MIT
Taking notice at MIT
Nishant Kumar and Katia Porzecanski

CAMBRIDGE — On the warmest February day on record in Cambridge, about 60 students at the Massachusetts Institute of Technology opt to stay inside a dimly lit lobby, crunching data and churning out pages of analysis, rather than enjoy the sunny, summer-like Friday afternoon.

No, it isn't mid-term time. The students — handpicked from 400 applicants — are competing in a datathon hosted by the $26 billion hedge fund Citadel. Ken Griffin's firm is upping the ante in the industry's chase for data scientists and engineers, hosting 18 competitions at universities across the U.S., Britain and Ireland this year. The prize in the final data championship: $100,000.

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Society

Return To Clay: Why An Ancient Building Material Is Back In Fashion

Concrete and glass are often thought of as the only building materials of modern architecture. But Francis Diébédo Kéré, the first African winner of a prestigious Pritzker architecture prize, works with clay, whose sustainability is not the only benefit.

Francis Diébédo Kéré extended the primary school in the village of Gando, Burkina Faso

Clara Le Fort

"Clay is fascinating. It has this unique grain and is both beautiful and soft. It soothes; it contributes to well-being..."

Francis Diébédo Kéré, the first African to be awarded the prestigious Pritzker Prize last March, is paying tribute to clay. It's a material that he adores, which has too often been shunned and attributed to modest constructions and peasant houses. Diébédo Kéré has always wanted to celebrate "earthen architecture”: buildings made out of clay. It's a technique that has been used for at least 10,000 years, which draws on this telluric element, known as dried mud, beaten earth, rammed earth, cob or adobe.

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