Two hedge funds – a start-up and another based on Long Island – are set to tap high-performance computing systems owned by Stony Brook University through a “cloud” of networks that connect firms to available processing capacity at the school.

Separately, FINA Technologies, a Cambridge, Mass.-based hedge fund technology supplier spun out of Gene Network Sciences, is renting cycles on Rensselaer Polytechnic Institute’s IBM Blue Gene supercomputer located in North Greenbush, N.Y. FINA will use one of academia’s largest supercomputing centers to redeploy software originally used to analyze gene sequences for optimal drug therapies to divine money-making opportunities in the capital markets.

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