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police officer's back uniform The New York City Police Pension Fund and the New York City Fire Pension Fund combined oversee about $50 billion, and in truth they are no strangers to quantitative funds or even to trend-followers. (Photo: Shutterstock)

(Bloomberg) –Fighting fires. Upholding the law. Investing in a quant fund loaded up with some of the most exotic and volatile derivatives trades on Wall Street.

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