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Zoltan Eisler is co-Head of Execution at Paris-based hedge fund Capital Fund Management, where he was formerly Portfolio Manager of Directional Strategies, and where he has worked since 2007. He is jointly responsible for the research and development of both automated and voice-based trading systems and execution algorithms. His applied research also includes short-term prediction of derivative prices, option portfolio management and high-frequency execution. His recent academic work focuses on short-term liquidity effects and price impact. He holds a PhD in Physics from the Budapest University of Technology and Economics and is the author of more than 20 academic publications.